HOFT WILLIAM 4
4 · HPSC INC · Filed Jan 14, 2004
Insider Transaction Report
Form 4
HPSC INCHDR
HOFT WILLIAM
Chief Accounting Officer
Transactions
- Disposition to Issuer
Employee Stock Option (Right to buy)
2004-01-12−5,000→ 0 totalExercise: $5.37From: 1998-04-23Exp: 2008-04-23→ Common Stock (5,000 underlying) - Disposition to Issuer
Common Stock
2004-01-12−627→ 0 total
Footnotes (3)
- [F1]Disposed of pursuant to merger agreement between issuer, General Electric Company ("GE") and Patriot HFS, Inc., a wholly-owned subsidiary of GE, in exchange for 291 shares of GE common stock having a market value of $31.2373 per share on the effective date of the merger. Any fractional shares were paid in cash.
- [F2]Cancelled pursuant to merger agreement in exchange for 909 shares of GE common stock having a market value of $31.2373 per share on the effective date of the merger. Any fractional shares were paid in cash.
- [F3]This option, which provided for vesting in five equal annual installments of 1,250 shares on April 20, 2000, April 20, 2001, April 20, 2002, April 20, 2003 and April 20, 2004. It was cancelled at the effective date of the merger in exchange for 695 shares of GE Common Stock having a market value of $31.2373 per share on the effective date of the merger. Any fractional shares were paid in cash.