ADESA INC 4
4 · ADESA INC · Filed Apr 24, 2007
Insider Transaction Report
Form 4
ADESA INCKAR
HITCHCOCK CAMERON
EVP & Chief Financial Officer
Transactions
- Disposition to Issuer
Options to Purchase Common Stock (right to buy)
2007-04-20−215,580→ 0 totalExercise: $24.00Exp: 2010-06-16→ Common Stock (215,580 underlying) - Disposition to Issuer
Restricted Stock Units
2007-04-20−23,109.763→ 0 totalExercise: $0.00→ Common Stock (23,109.763 underlying) - Disposition to Issuer
Common Stock
2007-04-20−7,630.381→ 0 total
Footnotes (4)
- [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 accelerated and cancelled in the merger in exchange for the right to receive an aggregate amount in cash, without interest, of $643,607, equal to the merger consideration of $27.85 for each restricted stock unit. Prior to the acceleration, the restricted stock units had vesting schedules as follows: 17,092.735 with a vesting date of 06/16/07; 2,356.000 with a vesting date of 2/15/08; 1,535.000 with a vesting date of 2/16/09; and 2,126.028 with a vesting date of 2/12/10.
- [F3]N/A
- [F4]These options were cancelled in the merger in exchange for the right to receive an aggregate amount in cash, without interest, of $829,983, equal to the merger consideration of $27.85 less the exercise price per share of common stock underlying the option.