Masters Jo-Ann 4

Accession 0001144204-09-044052

CIK 0001311926other

Filed

Aug 16, 8:00 PM ET

Accepted

Aug 17, 12:44 PM ET

Size

23.9 KB

Accession

0001144204-09-044052

Form 4

Period: 2009-08-13

Executive VP - GM Hospitality

Transactions

Disposition to Issuer
Employee Stock Option
2009-08-13−15,000→ 0 total
Exercise: $1.50Exp: 2014-02-24→ Common Stock (15,000 underlying)
Disposition to Issuer
Employee Stock Option
2009-08-13−20,000→ 0 total
Exercise: $1.50Exp: 2014-10-26→ Common Stock (20,000 underlying)
Disposition to Issuer
Stock Appreciation Right
2009-08-13−150,000→ 0 total
Exercise: $0.98Exp: 2013-08-04→ Common Stock (150,000 underlying)
Disposition to Issuer
Common Stock
2009-08-13$0.92/sh−121,250$111,550→ 0 total
Disposition to Issuer
Employee Stock Option
2009-08-13−15,000→ 0 total
Exercise: $1.95Exp: 2015-12-19→ Common Stock (15,000 underlying)
Disposition to Issuer
Common Stock
2009-08-13$0.92/sh−5,000$4,600→ 0 total(indirect: By Spouse)
Disposition to Issuer
Employee Stock Option
2009-08-13−7,500→ 0 total
Exercise: $1.50Exp: 2012-03-07→ Common Stock (7,500 underlying)
Disposition to Issuer
Employee Stock Option
2009-08-13−7,500→ 0 total(indirect: By Spouse)
Exercise: $1.50Exp: 2014-10-26→ Common Stock (7,500 underlying)
Disposition to Issuer
Stock Appreciation Right
2009-08-13−50,000→ 0 total
Exercise: $1.70Exp: 2011-12-22→ Common Stock (500,000 underlying)
Disposition to Issuer
Stock Appreciation Right
2009-08-13$0.40/sh−200,000$80,000→ 0 total
Exercise: $0.52Exp: 2013-12-08→ Common Stock (200,000 underlying)

Footnotes (5)

[F1]Disposed of pursuant to a merger agreement between the issuer, Steel Holdings, Inc. and its wholly owned subsidiary in consideration of the common stock merger consideration, and includes 82,000 restricted stock units that were accelerated and cancelled in the merger in exchange for the right to receive the common stock merger consideration price of $0.92 for each share subject to issuance upon settlement of such stock-based award.
[F2]Disposed of pursuant to a merger agreement between the issuer, Steel Holdings, Inc. and its wholly owned subsidiary in consideration of the common stock merger consideration, and includes 2,500 restricted stock units held by spouse that were accelerated and cancelled in the merger in exchange for the right to receive the common stock merger consideration price of $0.92 for each share subject to issuance upon settlement of such stock-based award.
[F3]This option was cancelled for no value in connection with the merger.
[F4]This stock appreciation right was cancelled for no value in connection with the merger.
[F5]This stock appreciation right was accelerated and cancelled in the merger in exchange for a cash payment of $80,000, representing the difference between the exercise price of the SAR and the common stock merger consideration price of $0.92.

Documents

1 file

SoftBrands, Inc.

CIK 0001311926

Entity typeother