4//SEC Filing
Tofteland Randal B 4
Accession 0001144204-09-044059
CIK 0001311926other
Filed
Aug 16, 8:00 PM ET
Accepted
Aug 17, 12:47 PM ET
Size
21.8 KB
Accession
0001144204-09-044059
Insider Transaction Report
Form 4
Tofteland Randal B
DirectorPresident and CEO
Transactions
- Disposition to Issuer
Stock Appreciation Right
2009-08-13−75,000→ 0 totalExercise: $2.13Exp: 2010-12-29→ Common Stock (75,000 underlying) - Disposition to Issuer
Common Stock
2009-08-13$0.92/sh−579,731$533,353→ 0 total - Disposition to Issuer
Stock Appreciation Right
2009-08-13−142,500→ 0 totalExercise: $1.90Exp: 2012-10-01→ Common Stock (142,500 underlying) - Disposition to Issuer
Stock Appreciation Right
2009-08-13−177,500→ 0 totalExercise: $1.84Exp: 2012-12-03→ Common Stock (177,500 underlying) - Disposition to Issuer
Stock Appreciation Right
2009-08-13$0.40/sh−600,000$240,000→ 0 totalExercise: $0.52Exp: 2013-12-08→ Common Stock (600,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2009-08-13−600,000→ 0 totalExercise: $3.00Exp: 2012-03-07→ Common Stock (600,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2009-08-13−60,000→ 0 totalExercise: $1.50Exp: 2014-10-26→ Common Stock (60,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2009-08-13−500,000→ 0 totalExercise: $1.50Exp: 2014-02-24→ Common Stock (500,000 underlying) - Disposition to Issuer
Stock Appreciation Right
2009-08-13−150,000→ 0 totalExercise: $1.71Exp: 2011-12-22→ Common Stock (150,000 underlying)
Footnotes (4)
- [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 251,250 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]This option was cancelled for no value in connection with the merger.
- [F3]This stock appreciation right was cancelled for no value in connection with the merger.
- [F4]This stock appreciation right was accelerated and cancelled in the merger in exchange for a cash payment of $240,000, representing the difference between the exercise price of the SAR and the common stock merger consideration price of $0.92.
Documents
Issuer
SoftBrands, Inc.
CIK 0001311926
Entity typeother
Related Parties
1- filerCIK 0001317801
Filing Metadata
- Form type
- 4
- Filed
- Aug 16, 8:00 PM ET
- Accepted
- Aug 17, 12:47 PM ET
- Size
- 21.8 KB