4//SEC Filing
Weil Sandison 4
Accession 0001179110-10-013941
CIK 0000934868other
Filed
Sep 16, 8:00 PM ET
Accepted
Sep 17, 10:19 AM ET
Size
14.5 KB
Accession
0001179110-10-013941
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.
Documents
Issuer
PROGINET CORP
CIK 0000934868
Entity typeother
Related Parties
1- filerCIK 0001432249
Filing Metadata
- Form type
- 4
- Filed
- Sep 16, 8:00 PM ET
- Accepted
- Sep 17, 10:19 AM ET
- Size
- 14.5 KB