HAYDU FRANK 4

Accession 0001179110-13-008241

CIK 0001078383other

Filed

May 12, 8:00 PM ET

Accepted

May 13, 9:50 AM ET

Size

26.0 KB

Accession

0001179110-13-008241

Form 4

Period: 2013-05-09

Director

Transactions

Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09$0.09/sh−25,000$2,250→ 0 total
Exercise: $0.36→ Common Stock (25,000 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09$0.16/sh−25,000$4,000→ 0 total
Exercise: $0.29→ Common Stock (25,000 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09$0.34/sh−25,000$8,500→ 0 total
Exercise: $0.11→ Common Stock (25,000 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09$0.15/sh−25,000$3,750→ 0 total
Exercise: $0.30→ Common Stock (25,000 underlying)
Disposition to Issuer
Common Stock
2013-05-09$0.45/sh−65,000$29,250→ 0 total
Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09−80,000→ 0 total
Exercise: $0.52→ Common Stock (80,000 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09$0.03/sh−25,000$750→ 0 total
Exercise: $0.42→ Common Stock (25,000 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09$0.17/sh−25,000$4,250→ 0 total
Exercise: $0.28→ Common Stock (25,000 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09$0.25/sh−40,000$10,000→ 0 total
Exercise: $0.20→ Common Stock (40,000 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09−25,000→ 0 total
Exercise: $0.60→ Common Stock (25,000 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09−80,000→ 0 total
Exercise: $0.93→ Common Stock (80,000 underlying)

Footnotes (4)

[F1]Pursuant to the Agreement and Plan of Merger among iParty Corp. (the "Issuer"), Party City Holdings Inc., and Confetti Merger Sub, Inc., a wholly-owned subsidiary of Party City Holdings Inc., dated March 1, 2013 (the "Merger Agreement"), each share of the Issuer's common stock was exchanged for $0.45 in cash, without interest and less any applicable withholding taxes (the "Merger").
[F2]The stock options under this award were fully vested prior to the closing of the Merger.
[F3]30,000 of the stock options under this award were vested prior to the closing of the Merger. 10,000 of the stock options under this award accelerated and became fully vested as of the closing of the Merger.
[F4]In connection with the Merger, the vested and/or exercisable portion of each Issuer stock option held by the Reporting Person was cancelled and, in exchange therefor, converted into the right to receive an amount in cash equal to the product of the number of shares issuable upon the exercise of such option and $0.45 minus the exercise price of such option. The Reporting Person's options, if any, with an exercise price equal to or above $0.45 were canceled in connection with the Merger.

Documents

1 file

IPARTY CORP

CIK 0001078383

Entity typeother