4//SEC Filing
O'Shaughnessy J Patrick 4
Accession 0001179110-12-007085
CIK 0001299704other
Filed
Apr 22, 8:00 PM ET
Accepted
Apr 23, 6:32 PM ET
Size
11.8 KB
Accession
0001179110-12-007085
Insider Transaction Report
Form 4
O'Shaughnessy J Patrick
DirectorExecutive Vice President & CFO
Transactions
- Disposition to Issuer
Common Stock
2012-04-23$10.50/sh−784,145$8,233,523→ 0 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2012-04-23$9.36/sh−90,000$842,400→ 0 totalExercise: $1.14From: 2011-02-19Exp: 2019-02-19→ Common Stock (90,000 underlying) - Gift
Common Stock
2012-03-26−43,500→ 784,145 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2012-04-23$1.96/sh−37,500$73,500→ 0 totalExercise: $8.54From: 2012-04-23Exp: 2018-02-13→ Common Stock (37,500 underlying)
Footnotes (4)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger (the "Agreement"), dated February 15, 2012, by and among the issuer, Eagle U.S. Sub, Inc., and Eagle U.S. Merger Sub, Inc. On the effective date of the merger contemplated by the Agreement, each share of common stock of the issuer was automatically converted into the right to receive $10.50.
- [F2]The shares reported on this line include 202,801 unvested shares of restricted stock that, pursuant to the Agreement, became fully vested immediately prior to the effective time of the merger and 250,000 shares of unvested restricted stock that were cancelled in exchange for cash payments of $10.50 per share, half of which were deferred in accordance with the Modification to the Change of Control Agreement dated February 15, 2012 between the reporting person and the issuer.
- [F3]Disposed of pursuant to the Agreement under which each of the reporting person's then outstanding in the money options to purchase shares of the issuer's common stock, whether or not vested or exercisable, became fully vested and exercisable and wereconverted into the right to receive an amount of cash equal to the product of (i) the excess of the merger consideration of $10.50 per share over the applicable exercise price per share and (ii) the number of shares of common stock subject to such option, without interest and less any applicable withholding taxes.
- [F4]The shares reported on this line include 7,500 shares that, pursuant to the Agreement, became fully vested and exercisable immediately prior to the effective time of the merger.
Documents
Issuer
Advance America, Cash Advance Centers, Inc.
CIK 0001299704
Entity typeother
Related Parties
1- filerCIK 0001413827
Filing Metadata
- Form type
- 4
- Filed
- Apr 22, 8:00 PM ET
- Accepted
- Apr 23, 6:32 PM ET
- Size
- 11.8 KB