PEZZIMENTI WILLIAM 4
4 · GLOBAL TRAFFIC NETWORK, INC. · Filed Sep 27, 2011
Insider Transaction Report
Form 4
PEZZIMENTI WILLIAM
Pres. & Director of ATN
Transactions
- Disposition from Tender
Common Stock
2011-09-23$14.00/sh−25,222$353,108→ 39,999 total
Holdings
- 16,666
Stock Options (right to buy)
Exercise: $4.13Exp: 2019-11-05→ Common Stock (16,666 underlying) - 30,000
Stock Options (right to buy)
Exercise: $11.90Exp: 2021-07-06→ Common Stock (30,000 underlying) - 40,000
Stock Options (right to buy)
Exercise: $6.80Exp: 2018-03-12→ Common Stock (40,000 underlying)
Footnotes (5)
- [F1]Represents shares of common stock that were tendered to GTCR Gridlock Acquisition Sub, Inc., a Nevada corporation ("Purchaser") pursuant to Purchaser's offer to purchase all outstanding shares of Global Traffic Network, Inc., a Nevada corporation (the "Issuer"), at a purchase price of $14.00 per share, net to the seller in cash, without interest and less any required withholding taxes, subject to the terms described in the Offer to Purchase, filed with the SEC on August 9, 2011, as amended and supplemented (the "Tender Offer").
- [F2]Includes restricted stock, with restrictions that lapse as to 8,333 shares on each of 11/5/2011 and 11/5/2012; as to 11,667 shares on 8/12/2012; and as to 11,666 shares on 8/12/2013.
- [F3]20,000 shares vest on each of 3/12/2012 and 3/12/2013.
- [F4]8,333 shares vest on each of 11/5/2011 and 11/5/2012.
- [F5]10,000 shares vest on each of 7/6/2012, 7/6/2013 and 7/6/2014.