GOODWIN TODD 4
4 · CORNELL COMPANIES INC · Filed Aug 13, 2010
Insider Transaction Report
Form 4
GOODWIN TODD
Director
Transactions
- Disposition to Issuer
Common stock
2010-08-12−39,960→ 0 total - Disposition to Issuer
Stock option (right to buy)
2010-08-12−1,250→ 0 totalExercise: $23.08Exp: 2020-01-04→ Common stock (1,250 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to the terms of the Agreement and Plan of Merger, dated as of April 18, 2010, as amended, by and among The GEO Group, Inc. ("GEO"), GEO Acquisition III, Inc., and Cornell Companies, Inc. (the "Merger Agreement"), in exchange for the right to receive at each stockholder's election and subject to certain limitations, either: (i) 1.3 shares of common stock of GEO, (ii) the right to receive cash consideration equal to $28.054, or (iii) a combination of cash and stock. If a Cornell stockholder failed to make an election or was not entitled to make an election, the holder received the stock consideration.
- [F2]This option, which was fully vested, was assumed by GEO in the Merger and replaced with an option to purchase 1,625 shares of GEO common stock for $17.76 per share.