LIGHTSPAN INC 4
4 · LIGHTSPAN INC · Filed Nov 19, 2003
Insider Transaction Report
Form 4
LIGHTSPAN INCLSPN
BROWN JEFFREY W
Director
Transactions
- Disposition to Issuer
Nonstatutory Stock Option (right to buy)
2003-11-17−4,000→ 0 totalExercise: $12.00Exp: 2012-11-19→ Common Stock (4,000 underlying)
Footnotes (1)
- [F1]This option, which provided for one fourth of the shares subject to the option vesting on 11/20/03, 12 months from the grant date and 1/36th of the remaining shares subject to the option vesting monthly thereafter, was cancelled pursuant to a merger agreement between the Issuer and PLATO Learning, Inc. ("PLATO") in exchange for 785 shares of PLATO common stock, having a market value of $10.52 per share on the effective date of the merger.