KAY TODD 4
4 · TARRANT APPAREL GROUP · Filed Aug 20, 2009
Insider Transaction Report
Form 4
KAY TODD
DirectorVice Chairman of the Board10% Owner
Transactions
- Disposition to Issuer
Option to Purchase Common Stock
2009-08-20−1,000,000→ 0 totalExercise: $3.65Exp: 2013-05-28→ Common Stock (1,000,000 underlying) - Disposition to Issuer
Common Stock
2009-08-20$0.85/sh−30,000$25,500→ 0 total - Disposition to Issuer
Common Stock
2009-08-20$0.85/sh−2,532,667$2,152,767→ 0 total(indirect: By Trust) - Disposition to Issuer
Option to Purchase Common Stock
2009-08-20−1,000,000→ 0 totalExercise: $5.50Exp: 2012-05-15→ Common Stock (1,000,000 underlying)
Footnotes (4)
- [F1]Disposed of in connection with the merger of Tarrant Apparel Group with Sunrise Merger Company effective August 20, 2009 (the "Merger"), pursuant to the Agreement and Plan of Merger dated as of February 26, 2009, as subsequently amended on June 26, 2009, among Tarrant Apparel Group, Sunrise Merger Company and Sunrise Acquisition Company, LLC. In connection with the Merger, the shares listed were exchanged for an equity interest in Sunrise Acquisition Company, LLC.
- [F2]The option vested and became exercisable in four equal annual installments, commencing on May 28, 2004.
- [F3]The option was cancelled in the Merger for no consideration.
- [F4]The option vested and became exercisable in four equal annual installments of 250,000 shares, on each of November 11, 2002, May 15, 2003, May 15, 2004 and May 15, 2005.