ADESA INC 4
4 · ADESA INC · Filed Apr 24, 2007
Insider Transaction Report
Form 4
ADESA INCKAR
Lawrence George J
EVP, Gen Counsel & Secetary
Transactions
- Disposition to Issuer
Options to Purchase Common Stock (right to buy)
2007-04-20−106,232→ 0 totalExercise: $24.00Exp: 2010-06-15→ Common Stock (106,232 underlying) - Disposition to Issuer
Common Stock
2007-04-20−1,403→ 0 total - Disposition to Issuer
Restricted Stock Units
2007-04-20−13,182.496→ 0 totalExercise: $0.00→ Common Stock (13,182.496 underlying) - Disposition to Issuer
Options to Purchase Common Stock (right to buy)
2007-04-20−53,116→ 0 totalExercise: $24.00Exp: 2010-06-15→ Common Stock (53,116 underlying)
Footnotes (5)
- [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 $367,133, 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: 6,837.506 with a vesting date of 6/24/07; 602.000 with a vesting date of 2/15/08; 3,405.016 with a vesting date of 2/15/08; 946.000 with a vesting date of 2/16/09; and 1,391.974 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 $408,993, equal to the merger consideration of $27.85 less the exercise price per share of common stock underlying the option.
- [F5]These options were cancelled in the merger in exchange for the right to receive an aggregate amount in cash, without interest, of $204,497, equal to the merger consideration of $27.85 less the exercise price per share of common stock underlying the option.