4//SEC Filing
BENSON GARY 4
Accession 0001179110-11-013733
CIK 0001344907other
Filed
Sep 29, 8:00 PM ET
Accepted
Sep 30, 4:49 PM ET
Size
9.4 KB
Accession
0001179110-11-013733
Insider Transaction Report
Form 4
BENSON GARY
Director
Transactions
- Disposition from Tender
Common Stock
2011-09-28−29,999→ 0 total - Disposition from Tender
Stock Options (right to buy)
2011-09-28−50,000→ 0 totalExercise: $5.00Exp: 2016-03-23→ Common Stock (50,000 underlying) - Sale
Common Stock
2011-09-08$13.95/sh−40,001$558,014→ 29,999 total
Footnotes (5)
- [F1]Includes restricted stock, with restrictions that will lapse as to 6,666 shares on February 26, 2012, as to 6,667 shares on March 3, 2012, and as to 6,666 shares on March 3, 2013, and as to 3,334 shares on March 1, 2012 and as to 3,333 shares on each of March 1, 2013 and March 1, 2014.
- [F2]Represents unvested shares of restricted stock that 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.
- [F3]Prior reports included 52,000 shares held by DMB 2009 LLC, a limited liability company. Since neither the Reporting Person, or his spouse are controlling persons of the LLC, the shares held by the LLC are not subject to reporting by the Reporting Person.
- [F4]Options vest in equal increments over three years beginning on the first anniversary of the date of grant.
- [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.
Documents
Issuer
GLOBAL TRAFFIC NETWORK, INC.
CIK 0001344907
Entity typeother
Related Parties
1- filerCIK 0001180094
Filing Metadata
- Form type
- 4
- Filed
- Sep 29, 8:00 PM ET
- Accepted
- Sep 30, 4:49 PM ET
- Size
- 9.4 KB