LANCASTER J BRUCE 4
4 · OI CORP · Filed Nov 16, 2010
Insider Transaction Report
Form 4
OI CORPOICO
LANCASTER J BRUCE
DirectorCEO and CFO
Transactions
- Disposition from Tender
Employee Stock Option (Right to Buy)
2010-11-15$1.08/sh−20,000$21,600→ 0 totalExercise: $11.42Exp: 2017-01-21→ Common Stock (20,000 underlying) - Disposition from Tender
Employee Stock Option (Right to Buy)
2010-11-15−20,000→ 0 totalExercise: $13.70Exp: 2017-06-25→ Common Stock (20,000 underlying) - Disposition from Tender
Common Stock
2010-11-15$12.50/sh−14,714$183,925→ 0 total
Footnotes (3)
- [F1]Disposed of pursuant to merger agreement between issuer, ITT Corporation, and Oyster Acquisition Corp for $12.00 per share merger consideration plus a $0.50 special dividend.
- [F2]This option, which provided for vesting in four equal annual installments beginning January 21, 2008, was canceled in the merger in exchange for a cash payment of $21,600, representing the difference between the exercise price of the option and the merger consideration of $12.00 per share plus a $0.50 per share special dividend.
- [F3]This option, which provided for vesting in four equal annual installments beginning June 25, 2008, was canceled in the merger. No compensation was paid to the reporting person as the exercise price of the option exceeded the merger consideration of $12.00 per share plus the $0.50 per share special dividend.