BOHAN KEVIN 4
4 · PROGINET CORP · Filed Sep 17, 2010
Insider Transaction Report
Form 4
PROGINET CORPPRGF
BOHAN KEVIN
SVP Sales
Transactions
- Disposition to Issuer
Common Stock
2010-09-15$1.15/sh−260,591$299,680→ 0 total - Disposition to Issuer
Employee Stock Options (right to buy)
2010-09-15$0.40/sh−75,000$30,000→ 0 totalExercise: $0.75Exp: 2015-11-22→ Common Stock (75,000 underlying)
Footnotes (2)
- [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 was fully vested on November 22, 2005, 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.