Karsan Nooruddin S 4
4 · KENEXA CORP · Filed Nov 29, 2011
Insider Transaction Report
Form 4
KENEXA CORPKNXA
Karsan Nooruddin S
DirectorChief Executive Officer
Transactions
- Other
COMMON STOCK
2011-11-15−200,000→ 1,098,594 total - Other
Contract to Sell
2011-11-15−200,000→ 0 totalFrom: 2011-11-15Exp: 2011-11-15→ COMMON STOCK (200,000 underlying)
Footnotes (1)
- [F1]On November 15, 2006, Mr. Karsan entered into a variable post-paid forward contract (the "Contract") with Credit Suisse First Boston Capital LLC ("CSFB") relating to 200,000 shares of Common Stock, which expires on 11/15/2011 (the "Maturity Date"). The Contract provides that on the Maturity Date (or an earlier date if the Contract is terminated before the Maturity Date), Mr. Karsan will deliver, in the aggregate, a number of shares of Common Stock to CSFB (or the cash equivalent of such shares) as follows: (a) if the settlement price is less than the downside floor price of $31.00, 200,000 shares of Common Stock; and (b) if the settlement price is equal to or greater than the downside floor price (with a cap price of $54.03), between 114,815 and 200,000 shares of Common Stock (subject to adjustment for capital restructurings), dependent upon the settlement price. Pursuant to the Contract, Mr. Karsan has delivered 200,000 shares of Common Stock to CSFB to settle the Contract.