4//SEC Filing
ChyronHego Corp 4
Accession 0001140361-13-028678
CIK 0000020232operating
Filed
Jul 22, 8:00 PM ET
Accepted
Jul 23, 4:20 PM ET
Size
8.9 KB
Accession
0001140361-13-028678
Insider Transaction Report
Form 4
ChyronHego CorpCHYR
KIELISZAK JERRY
Sr. VP and CFO
Transactions
- Other
Employee Stock Option (right to buy)
2013-07-21$0.60/sh−25,000$15,000→ 0 totalExercise: $1.02Exp: 2015-06-03→ Common Stock (25,000 underlying) - Other
Employee Stock Option (right to buy)
2013-07-21$0.57/sh−8,334$4,750→ 0 totalExercise: $1.05Exp: 2013-11-07→ Common Stock (8,334 underlying)
Footnotes (2)
- [F1]The Issuer's acquisition of Hego AB on May 22, 2013 (the "closing date") qualified as a change-in-control as that term is defined in the Issuer's 1999 Incentive Compensation Plan (the "1999 Plan"). In accordance with the provisions of the 1999 Plan, these stock options were entitled to be, at the holder's election, surrendered in return for cash equal to the spread between the exercise price and the Change-in-Control Price, which is defined in the 1999 Plan as the highest closing price on the NASDAQ during the period 60 days prior to and 60 days after the closing date. The Reporting Person made such an election to cancel the stock option on July 21, 2013 and surrendered these stock options in return for a cash payment of $4,750.38, which represents the difference between the exercise price of $1.05 and the Change-in-Control Price of $1.62, multiplied by the number of shares subject to the stock option.
- [F2]The Issuer's acquisition of Hego AB on the closing date qualified as a change-in-control as that term is defined in the Issuer's 1999 Plan. In accordance with the provisions of the 1999 Plan, these stock options were entitled to be, at the holder's election, surrendered in return for cash equal to the spread between their exercise price and the Change-in-Control Price. The Reporting Person made such an election to cancel the stock option on July 21, 2013 and surrendered these stock options in return for a cash payment of $15,000.00, which represents the difference between the exercise price of $1.02 and the Change-in-Control Price of $1.62, multiplied by the number of shares subject to the stock option.
Documents
Issuer
ChyronHego Corp
CIK 0000020232
Entity typeoperating
IncorporatedNY
Related Parties
1- filerCIK 0000020232
Filing Metadata
- Form type
- 4
- Filed
- Jul 22, 8:00 PM ET
- Accepted
- Jul 23, 4:20 PM ET
- Size
- 8.9 KB