Robertson David E 4
4 · IPARTY CORP · Filed May 13, 2013
Insider Transaction Report
Form 4
IPARTY CORPIPT
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09$0.38/sh−200,000$76,000→ 0 totalExercise: $0.07→ Common Stock (200,000 underlying) - Disposition to Issuer
Common Stock
2013-05-09$0.45/sh−76,904$34,607→ 0 total(indirect: By IRA) - Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09$0.31/sh−65,000$20,150→ 0 totalExercise: $0.14→ Common Stock (65,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09$0.17/sh−65,000$11,050→ 0 totalExercise: $0.28→ Common Stock (65,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09$0.34/sh−50,000$17,000→ 0 totalExercise: $0.11→ Common Stock (50,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09$0.16/sh−100,000$16,000→ 0 totalExercise: $0.29→ Common Stock (100,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09$0.03/sh−125,000$3,750→ 0 totalExercise: $0.42→ Common Stock (125,000 underlying)
Footnotes (6)
- [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]27,075 of the stock options under this award were vested prior to the closing of the Merger. 37,925 of the stock options under this award accelerated and became fully vested as of the closing of the Merger.
- [F3]48,735 of the stock options under this award were vested prior to the closing of the Merger. 16,265 of the stock options under this award accelerated and became fully vested as of the closing of the Merger.
- [F4]48,970 of the stock options under this award were vested prior to the closing of the Merger. 1,030 of the stock options under this award accelerated and became fully vested as of the closing of the Merger.
- [F5]The stock options under this award were fully vested prior to the closing of the Merger.
- [F6]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.