Weil Sandison 4
4 · PROGINET CORP · Filed Sep 17, 2010
Insider Transaction Report
Form 4
PROGINET CORPPRGF
Weil Sandison
President & CEO
Transactions
- Disposition to Issuer
Employee Stock Options (right to buy)
2010-09-15$0.85/sh−100,000$85,000→ 0 totalExercise: $0.30Exp: 2018-10-31→ Common Stock (100,000 underlying) - Disposition to Issuer
Employee Stock Options (right to buy)
2010-09-15$0.66/sh−100,000$66,000→ 0 totalExercise: $0.49Exp: 2019-07-22→ Common Stock (100,000 underlying) - Disposition to Issuer
Common Stock
2010-09-15$1.15/sh−20,000$23,000→ 0 total - Disposition to Issuer
Employee Stock Options (right to buy)
2010-09-15$0.25/sh−300,000$75,000→ 0 totalExercise: $0.90Exp: 2018-04-08→ Common Stock (300,000 underlying) - Disposition to Issuer
Employee Stock Options (right to buy)
2010-09-15$0.25/sh−150,000$37,500→ 0 totalExercise: $0.90Exp: 2018-04-08→ Common Stock (150,000 underlying)
Footnotes (5)
- [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 three equal annual installments beginning on April 8, 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 upon certain change of control transactions was canceled in the merger for cash consideration per share representing the difference between the exercise price of the option and the $1.15 per share cash consideration.
- [F4]This option, which provided for vesting upon the achievement of certain performance measures and a change of control transaction, was canceled in the merger for cash consideration per share representing the difference between the exercise price of the option and the $1.15 per share cash consideration.
- [F5]This option, which provided for vesting upon certain change of control transactions was canceled in the merger for cash consideration per share representing the difference between the exercise price of the option and the $1.15 per share cash consideration.