PEZZIMENTI WILLIAM 4
4 · GLOBAL TRAFFIC NETWORK, INC. · Filed Sep 28, 2011
Insider Transaction Report
Form 4
PEZZIMENTI WILLIAM
Pres. & Director of ATN
Transactions
- Disposition from Tender
Common Stock
2011-09-28−39,999→ 0 total - Disposition from Tender
Stock Options (right to buy)
2011-09-28−40,000→ 0 totalExercise: $6.80Exp: 2018-03-12→ Common Stock (40,000 underlying) - Disposition from Tender
Stock Options (right to buy)
2011-09-28−16,666→ 0 totalExercise: $4.13Exp: 2019-11-05→ Common Stock (16,666 underlying) - Disposition from Tender
Stock Options (right to buy)
2011-09-28−30,000→ 0 totalExercise: $11.90Exp: 2021-07-06→ Common Stock (30,000 underlying)
Footnotes (5)
- [F1]These unvested shares of restricted 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]20,000 shares vest on each of 3/12/2012 and 3/12/2013.
- [F3]8,333 shares vest on each of 11/5/2011 and 11/5/2012.
- [F4]10,000 shares vest on each of 7/6/2012, 7/6/2013 and 7/6/2014.
- [F5]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.