4//SEC Filing
Cotshott Gary John 4
Accession 0001144204-10-066213
CIK 0000805054other
Filed
Dec 12, 7:00 PM ET
Accepted
Dec 13, 6:53 PM ET
Size
15.6 KB
Accession
0001144204-10-066213
Insider Transaction Report
Form 4
Cotshott Gary John
President and CEO
Transactions
- Disposition from Tender
Option - Right to Buy
2010-12-13$0.36/sh−300,000$108,000→ 0 totalExercise: $7.99Exp: 2018-02-11→ Common Stock (300,000 underlying) - Disposition from Tender
Common Stock
2010-12-13$8.35/sh−37,375$312,081→ 74,442 total - Disposition from Tender
Common Stock
2010-12-13$8.35/sh−8,817$73,622→ 65,625 total(indirect: By 401(k)) - Disposition from Tender
Common Stock
2010-12-13$8.35/sh−65,625$547,969→ 0 total - Disposition from Tender
Option - Right to Buy
2010-12-13$2.12/sh−50,000$106,000→ 0 totalExercise: $6.23Exp: 2020-06-07→ Common Stock (50,000 underlying)
Holdings
- 8,817(indirect: By 401(k))
Common Stock
Footnotes (6)
- [F1]Number of shares held by reporting person on 12/13/10 in TechTeam Global, Inc.'s 401(k) plan. Since 6/7/2010, the reporting person had acquired an additional 1,019 shares all of which have been disposed of as described in footnote 3 herein.
- [F2]Pursuant to the Agreement and Plan of Merger (the "Merger Agreement") by and among TechTeam Global, Inc. (the "Company"), Stefanini International Holdings Ltd ("Parent") and Platinum Merger Sub, Inc. ("Purchaser"), these shares were tendered pursuant to a tender offer by Purchaser to purchase all outstanding Company common stock for $8.35 a share, without interest, less any withholding taxes. The offer was consummated on December 13, 2010.
- [F3]These shares were held by the reporting person on December 13, 2010 in TechTeam Global, Inc.'s 401(k) plan. Pursuant to the Merger Agreement, these shares were tendered pursuant to a tender offer by Purchaser to purchase all outstanding Company common stock for $8.35 a share, without interest, less any withholding taxes. The offer was consummated on December 13, 2010.
- [F4]Pursuant to the Merger Agreement, these shares, which were outstanding immediately prior to the time Purchaser merged with and into the Company on December 13, 2010 (the "Merger"), were immediately cancelled and converted into the right to receive cash consideration equal to $8.35, without interest, less any required tax withholdings.
- [F5]These options, which were outstanding and unexercised immediately prior to the purchase of tendered shares by Purchaser (the "Purchase Time"), to the extent unvested, accelerated, and became fully vested and all such outstanding and unexercised options were immediately cancelled and terminated at the Purchase Time and converted into the right to receive a cash payment of $108,000, representing (a) the excess of $8.35 over the exercise price of each stock option, if any, multiplied by (b) the number of shares subject to such options.
- [F6]These options, which were outstanding and unexercised immediately prior to the Purchase Time, to the extent unvested, accelerated, and became fully vested and all such outstanding and unexercised options were immediately cancelled and terminated at the Purchase Time and converted into the right to receive a cash payment of $106,000, representing (a) the excess of $8.35 over the exercise price of each stock option, if any, multiplied by (b) the number of shares subject to such options.
Documents
Issuer
TECHTEAM GLOBAL INC
CIK 0000805054
Entity typeother
Related Parties
1- filerCIK 0001427311
Filing Metadata
- Form type
- 4
- Filed
- Dec 12, 7:00 PM ET
- Accepted
- Dec 13, 6:53 PM ET
- Size
- 15.6 KB