4//SEC Filing
Karsan Nooruddin S 4
Accession 0001140361-11-056533
CIK 0001114714other
Filed
Dec 6, 7:00 PM ET
Accepted
Dec 7, 4:41 PM ET
Size
7.1 KB
Accession
0001140361-11-056533
Insider Transaction Report
Form 4
KENEXA CORPKNXA
Karsan Nooruddin S
DirectorChief Executive Officer
Transactions
- Other
Contract to Sell
2011-12-05−150,000→ 0 totalFrom: 2011-12-05Exp: 2014-12-05→ COMMON STOCK (150,000 underlying)
Footnotes (3)
- [F1]Mr. Karsan entered into a variable post-paid forward contract (the "Contract") with Credit Suisse Capital LLC ("CS") relating to 150,000 shares of Common Stock, which Contract expires on December 5, 2014 (the "Maturity Date"). The Contract became effective on December 5, 2011, and was entered into pursuant to a 10b5-1 Plan executed by Mr. Karsan on November 30, 2011.
- [F2]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 CS (or the cash equivalent of such shares) as follows: (a) if the settlement price is less than the downside floor price of $25.9025, 150,000 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 $31.5866), between 123,007 and 150,000 shares of Common Stock (subject to adjustment for capital restructurings), dependent upon the settlement price.
- [F3]Pursuant to the Contract, Mr. Karsan has the option to settle the Contract in cash, with the cash settlement amount being equal to the number of shares to be delivered multiplied by the relevant price. Mr. Karsan has pledged 150,000 shares of Common Stock to CS as security for his obligation to deliver shares at the termination of the Contract.
Documents
Issuer
KENEXA CORP
CIK 0001114714
Entity typeother
Related Parties
1- filerCIK 0001326273
Filing Metadata
- Form type
- 4
- Filed
- Dec 6, 7:00 PM ET
- Accepted
- Dec 7, 4:41 PM ET
- Size
- 7.1 KB