Camp Elisha Edward 4
4 · FIRST MERCURY FINANCIAL CORP · Filed Feb 10, 2011
Insider Transaction Report
Form 4
Camp Elisha Edward
Executive Vice President
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2011-02-09−6,000→ 0 totalExercise: $20.75→ Common Stock (6,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2011-02-09−6,000→ 0 totalExercise: $13.01→ Common Stock (6,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2011-02-09−10,000→ 0 totalExercise: $17.00→ Common Stock (10,000 underlying) - Disposition to Issuer
Common Stock
2011-02-09−71,000→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2011-02-09−15,000→ 0 totalExercise: $17.32→ Common Stock (15,000 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of October 28, 2010, among Fairfax, Merger Sub and First Mercury Financial Corporation, as amended on December 30, 2010 (the "Merger Agreement") under which First Mercury Financial Corporation completed its merger (the "Merger") with Fairfax Investments III USA Corp. ("Merger Sub"), a Delaware corporation and an indirect wholly-owned subsidiary of Fairfax Financial Holdings Limited, a Canadian corporation ("Fairfax"). In the Merger, each share of common stock (other than shares held by Fairfax, shares held by First Mercury Financial Corporation in treasury, or any of their respective subsidiaries, shares with respect to which appraisal rights were properly exercised under Delaware law and shares of First Mercury Financial Corporation's restricted stock), was cancelled and automatically converted into the right to receive $16.50 per share in cash, without interest.
- [F2]This option was cancelled in the Merger and pursuant to the Merger, the option will receive a per share amount in cash equal to the excess, if any, of the per share merger consideration ($16.50) over the exercise price of the stock option. Options with an exercise price that is equal to or greater than $16.50 per share were cancelled and received no consideration in the Merger.