4//SEC Filing
Lynch Jim 4
Accession 0001144204-10-066215
CIK 0000805054other
Filed
Dec 12, 7:00 PM ET
Accepted
Dec 13, 6:58 PM ET
Size
10.7 KB
Accession
0001144204-10-066215
Insider Transaction Report
Form 4
Lynch Jim
Director
Transactions
- Disposition from Tender
Option - Right to Buy
2010-12-13$3.25/sh−14,000$45,500→ 0 totalExercise: $5.10Exp: 2020-05-31→ Common Stock (14,000 underlying) - Disposition from Tender
Common Stock
2010-12-13$8.35/sh−73,206$611,270→ 0 total - Disposition from Tender
Option - Right to Buy
2010-12-13$2.37/sh−14,000$33,180→ 0 totalExercise: $5.98Exp: 2019-05-31→ Common Stock (14,000 underlying)
Footnotes (3)
- [F1]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.
- [F2]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 $33,180, 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.
- [F3]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 $45,500, 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 0001366773
Filing Metadata
- Form type
- 4
- Filed
- Dec 12, 7:00 PM ET
- Accepted
- Dec 13, 6:58 PM ET
- Size
- 10.7 KB