GROSSMAN R JERRY 4
4 · PEC SOLUTIONS INC · Filed Jun 3, 2005
Insider Transaction Report
Form 4
GROSSMAN R JERRY
Director
Transactions
- Disposition from Tender
Common Stock
2005-06-01$15.50/sh−2,000$31,000→ 0 total
Holdings
- 15,000
Stock option (Right to buy)
Exercise: $7.00From: 2000-12-11Exp: 2010-12-10→ Common Stock (15,000 underlying) - 3,000
Stock option (Right to buy)
Exercise: $10.43From: 2004-05-19Exp: 2014-05-18→ Common Stock (3,000 underlying)
Footnotes (1)
- [F1]Pursuant to the terms of the Agreement and Plan of Merger by and among the Company, Nortel Networks Inc., a Delaware corporation ("Nortel") and PS Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Nortel ("Purchaser")dated April 25, 2005 (the "Merger Agreement"), these options shall be cancelled upon the effectiveness of the merger of the Company with and into Purchaser, and the reporting person shall receive a cash payment in accordance with the Merger Agreement.