POWER ONE INC 4
4 · POWER ONE INC · Filed Jul 25, 2013
Insider Transaction Report
Form 4
POWER ONE INCPWER
MELLIAR SMITH CHRISTOPHER MARK
Director
Transactions
- Disposition to Issuer
Common Stock
2013-07-25$6.35/sh−95,308$605,206→ 0 total - Disposition to Issuer
Non Qualified Stock Options
2013-07-25$5.16/sh−10,000$51,600→ 0 totalExercise: $1.19Exp: 2019-05-19→ Common Stock (10,000 underlying) - Disposition to Issuer
Non Qualified Stock Options
2013-07-25$1.89/sh−10,000$18,900→ 0 totalExercise: $4.46Exp: 2015-05-03→ Common Stock (10,000 underlying)
Footnotes (2)
- [F1]This option, which provided for vesting on the earlier of the first anniversary of the date of the grant or the date of the Issuer's 2006 Annual Shareholders Meeting, was canceled in the merger of Verdi Acquisition Corporation, an indirect wholly owned subsidiary of ABB Ltd, with and into Issuer, with Issuer continuing as the surviving corporation, in exchange for a cash payment of $18,900, representing the difference between the exercise price of the option and the cash consideration paid for the shares underlying such option.
- [F2]This option, which provided for vesting on the earlier of the first anniversary of the date of the grant or the date of the Issuer's 2010 Annual Shareholders Meeting, was canceled in the merger of Verdi Acquisition Corporation, an indirect wholly owned subsidiary of ABB Ltd, with and into Issuer, with Issuer continuing as the surviving corporation, in exchange for a cash payment of $51,600, representing the difference between the exercise price of the option and the cash consideration paid for the shares underlying such option.