CODY SCOTT 4
4 · GLOBAL TRAFFIC NETWORK, INC. · Filed Sep 28, 2011
Insider Transaction Report
Form 4
CODY SCOTT
CFO and COO
Transactions
- Disposition from Tender
Stock Options (right to buy)
2011-09-28−50,000→ 0 totalExercise: $6.80Exp: 2018-03-12→ Common Stock (50,000 underlying) - Disposition from Tender
Stock Options (right to buy)
2011-09-28−100,000→ 0 totalExercise: $3.76Exp: 2019-07-09→ Common Stock (100,000 underlying) - Disposition from Tender
Stock Options (right to buy)
2011-09-28−100,000→ 0 totalExercise: $5.00Exp: 2016-03-23→ Common Stock (100,000 underlying) - Disposition from Tender
Stock Options (right to buy)
2011-09-28−100,000→ 0 totalExercise: $5.51Exp: 2020-08-12→ Common Stock (100,000 underlying) - Disposition from Tender
Common Stock
2011-09-28−37,725→ 0 total - Disposition from Tender
Stock Options (right to buy)
2011-09-28−100,000→ 0 totalExercise: $5.25Exp: 2017-03-29→ Common Stock (100,000 underlying)
Footnotes (7)
- [F1]These shares of common stock were converted into the right to receive $14.00 per share in cash (without interest and less any required withholding taxes), in accordance with the terms and conditions of the Agreement and Plan of Merger, dated August 2, 2011 (the "Merger Agreement"), a copy of which was filed with the SEC on August 3, 2011.
- [F2]33,334 shares vested on 3/23/07; 33,333 shares vested on each of 3/23/08 and 3/23/09.
- [F3]33,333 shares vested on each of 3/29/08 and 3/29/09; 33,334 shares vested on 3/29/10.
- [F4]16,666 shares vested on 3/12/2009; 16,667 shares vested on each of 3/12/2010 and 3/12/2011.
- [F5]33,333 shares vested on each of 7/9/2010 and 7/9/2011; 33,334 shares vest on 7/9/2012.
- [F6]33,333 shares vested on 8/12/2011; 33,333 shares vest on 8/12/2012; 33,334 shares vest on 8/12/2013.
- [F7]These stock options were canceled in exchange for the right to receive a cash payment (without interest and less any required withholding taxes) for each such option equal to the excess of $14.00 over the per-share exercise price of such option multiplied by the number of shares underlying such stock option in accordance with the terms and conditions of the Merger Agreement.