ADESA INC 4
4 · ADESA INC · Filed Apr 24, 2007
Insider Transaction Report
Form 4
ADESA INCKAR
Sales Angel Rodolfo
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2007-04-20−5,000→ 0 totalExercise: $0.00→ Common Stock (5,000 underlying) - Award
Options to Purchase Common Stock (right to buy)
2007-04-20+50,000→ 50,000 totalExercise: $25.32Exp: 2016-05-10→ Common Stock (50,000 underlying) - Award
Restricted Stock Units
2007-04-20+5,000→ 5,000 totalExercise: $0.00→ Common Stock (5,000 underlying) - Disposition to Issuer
Common Stock
2007-04-20−4,587→ 0 total - Disposition to Issuer
Options to Purchase Common Stock (right to buy)
2007-04-20−50,000→ 0 totalExercise: $25.32Exp: 2016-05-10→ Common Stock (50,000 underlying)
Footnotes (6)
- [F1]These shares were converted in the merger into the right to receive cash consideration of $27.85 per share, without interest.
- [F2]These restricted stock units were acquired under a performance-based restricted stock unit grant on 5/1/06 that provided for the deemed achievement of the underlying performance measures upon a change in control of the Issuer.
- [F3]N/A
- [F4]These restricted stock units were accelerated and cancelled in the merger in exchange for the right to receive an aggregate amount in cash, without interest, of $139,250, equal to the merger consideration of $27.85 for each restricted stock unit. Prior to the acceleration, the restricted stock units had a vesting date of 5/1/09.
- [F5]These options were acquired under a performance-based stock option grant on 5/1/06 that provided for the deemed achievement of the underlying performance measures upon a change in control of the Issuer.
- [F6]These options were cancelled in the merger in exchange for the right to receive an aggregate amount in cash, without interest, of $126,500, equal to the merger consideration of $27.85 less the exercise price per share of common stock underlying the option.