PURE WORLD INC 4
4 · PURE WORLD INC · Filed Jul 26, 2005
Insider Transaction Report
Form 4
PURE WORLD INC(PURW)
ZHENG QUN YI
President
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2005-07-22$3.30/sh+75,000$247,500→ 0 totalExercise: $1.00From: 2001-10-29Exp: 2011-10-29→ Common Stock (75,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2005-07-22$3.59/sh+200,000$718,000→ 0 totalExercise: $0.71From: 2002-05-29Exp: 2012-05-29→ Common Stock (200,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2005-07-22$1.54/sh+82,500$127,405→ 0 totalExercise: $2.76Exp: 2007-03-24→ Common Stock (82,500 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2005-07-22$1.18/sh+100,000$117,500→ 0 totalExercise: $3.13Exp: 2010-01-12→ Common Stock (100,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2005-07-22$2.25/sh+27,500$61,999→ 0 totalExercise: $2.05From: 1996-02-01Exp: 2006-02-01→ Common Stock (27,500 underlying)
Footnotes (5)
- [F1]This option was canceled by agreement between the reporting person and Pure World, Inc., and, pursuant to an agreement and plan of merger among Naturex S.A., Naturex Acquisition Corp. and Pure World, Inc. (the "Merger Agreement"), the reporting person received a cash payment of $62,000, representing the product of (i) the difference between the exercise price of the option and the merger consideration of $4.30 per share and (ii) the number of shares subject to the option.
- [F2]This option, which vested in five equal annual installments beginning on March 24, 2000, was canceled by agreement between the reporting person and Pure World, Inc., and, pursuant to the Merger Agreement, the reporting person received a cash payment of $127,406, representing the product of (i) the difference between the exercise price of the option and the merger consideration of $4.30 per share and (ii) the number of shares subject to the option.
- [F3]This option, which provided for vesting in five equal annual installments beginning on January 12, 2003, was canceled by agreement between the reporting person and Pure World, Inc., and, pursuant to the Merger Agreement, the reporting person received a cash payment of $117,500, representing the product of (i) the difference between the exercise price of the option and the merger consideration of $4.30 per share and (ii) the number of shares subject to the option.
- [F4]This option was canceled by agreement between the reporting person and Pure World, Inc., and, pursuant to the Merger Agreement, the reporting person received a cash payment of $247,500, representing the product of (i) the difference between the exercise price of the option and the merger consideration of $4.30 per share and (ii) the number of shares subject to the option.
- [F5]This option was canceled by agreement between the reporting person and Pure World, Inc., and, pursuant to the Merger Agreement, the reporting person received a cash payment of $718,000, representing the product of (i) the difference between the exercise price of the option and the merger consideration of $4.30 per share and (ii) the number of shares subject to the option.