KEZIRIAN STEPHEN 4
4 · PROGINET CORP · Filed Sep 17, 2010
Insider Transaction Report
Form 4
PROGINET CORPPRGF
KEZIRIAN STEPHEN
Director
Transactions
- Disposition to Issuer
Stock Options (right to buy)
2010-09-15$0.83/sh−25,000$20,750→ 0 totalExercise: $0.32Exp: 2018-11-18→ Common Stock (25,000 underlying) - Disposition to Issuer
Common Stock
2010-09-15$1.15/sh−2,000$2,300→ 0 total - Disposition to Issuer
Stock Options (right to buy)
2010-09-15$0.50/sh−25,000$12,500→ 0 totalExercise: $0.65Exp: 2019-11-17→ Common Stock (25,000 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to merger agreement between Proginet and Tibco Software Inc. in exchange for cash consideration of $1.15 per share.
- [F2]This option, which provided for vesting in four equal quarterly installments, commencing on November 18, 2008, was canceled in the merger in exchange for cash consideration per share representing the difference between the exercise price of the option and the $1.15 per share cash consideration.
- [F3]This option, which provided for vesting in four equal quarterly installments, commencing on November 17, 2009, was canceled in the merger in exchange for cash consideration per share representing the difference between the exercise price of the option and the $1.15 per share cash consideration.