Singhal Dave M 4
4 · MIPS TECHNOLOGIES INC · Filed Feb 11, 2013
Insider Transaction Report
Form 4
Singhal Dave M
VP of Corporate Development
Transactions
- Disposition to Issuer
Common Stock
2013-02-07$8.01/sh−70,624$565,698→ 0 total - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2013-02-07$3.12/sh−30,000$93,600→ 0 totalExercise: $4.89Exp: 2018-08-15→ Common Stock (30,000 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to (1) the recapitalization in which proceeds from the patent sale were distributed in cash at $6.21 per share and 0.226276 shares per share of common stock for an aggregate of $8.01 per share; and (2) the merger agreement between issuer and Imagination Technologies Group plc in exchange for a cash payment of $8.01 per share.
- [F2]This option, which provided for vesting over 36 months at a rate of one thirty-sixth per month beginning on August 15, 2011, was canceled in the merger in exchange for a cash payment, representing the difference between the exercise price of the option and $8.01.