CLICK COMMERCE INC 4
4 · CLICK COMMERCE INC · Filed Oct 30, 2006
Insider Transaction Report
Form 4
ARNEY DAVID B
Chief Financial Officer
Transactions
- Disposition to Issuer
Stock Option Right to Buy
2006-10-26$22.75/sh−40,000$910,000→ 0 totalExercise: $19.53From: 2006-10-26Exp: 2016-05-23→ Common Stock (40,000 underlying)
Footnotes (2)
- [F1]The option became fully vested upon consummation of the merger pursuant to the Merger Agreement.
- [F2]The option was canceled pursuant to the terms of the Agreement and Plan of Merger dated September 5, 2006 between Click Commerce, Inc., ITW Leap Corp and Illinois Tool Works Inc. (the "Merger Agreement") in exchange for a cash payment equal to (i) the excess, if any of (A) $22.75 over (B) the exercise price of the stock option multiplied by (ii) the number of shares of common stock exercisable at the time of the merger.