Burak Mallorie Sara 4

4 · SOUTHWALL TECHNOLOGIES INC /DE/ · Filed Nov 30, 2011

Form 4

Period: 2011-11-28

Chief Accounting Officer

Transactions

Disposition to Issuer
Incentive Stock Option
2011-11-28$10.40/sh−15,000$156,000→ 0 total
Exercise: $3.20From: 2008-10-30Exp: 2017-10-29→ Common Stock (15,000 underlying)
Disposition to Issuer
Incentive Stock Option
2011-11-28$10.45/sh−16,000$167,200→ 0 total
Exercise: $3.15From: 2010-04-28Exp: 2019-04-28→ Common Stock (16,000 underlying)
Disposition to Issuer
Incentive Stock Option
2011-11-28$5.65/sh−16,000$90,400→ 0 total
Exercise: $7.95From: 2011-03-24Exp: 2020-03-23→ Common Stock (16,000 underlying)
Disposition to Issuer
Incentive Stock Option
2011-11-28$9.40/sh−2,000$18,800→ 0 total
Exercise: $4.20From: 2009-02-26Exp: 2018-02-25→ Common Stock (2,000 underlying)
Disposition to Issuer
Incentive Stock Option
2011-11-28$2.60/sh−16,000$41,600→ 0 total
Exercise: $11.00From: 2012-03-25Exp: 2021-03-24→ Common Stock (16,000 underlying)

Footnotes (6)

[F1]The option provided for vesting over 4 years with 25% vesting after 6 months and the remainder vesting monthly thereafter. The vesting was fully accelerated pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated October 6, 2011, among the Registrant, Solutia Inc. and Backbone Merger Sub, Inc.
[F2]The option provided for vesting over 4 years with 25% vesting after 6 months and the remainder vesting monthly thereafter. The vesting was fully accelerated pursuant to the Merger Agreement.
[F3]The option provided for vesting over 4 years with 25% vesting after 6 months and the remainder vesting monthly thereafter. The vesting was fully accelerated pursuant to the Merger Agreement.
[F4]The option provided for vesting over 4 years with 25% vesting after 6 months and the remainder vesting monthly thereafter. The vesting was fully accelerated pursuant to the Merger Agreement.
[F5]The option provided for vesting over 4 years with 25% vesting after 6 months and the remainder vesting monthly thereafter. The vesting was fully accelerated pursuant to the Merger Agreement.
[F6]The reporting person received cash consideration for the cancellation of the option pursuant to the Merger Agreement equal to the number of shares of the Registrant's common stock underlying such option multiplied by the difference between the exercise price of the option and the per share purchase price of $13.60 in accordance with the Merger Agreement.

Documents

1 file