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Home/Filings/4/A/0001179110-13-012247
4/A//SEC Filing

ExactTarget, Inc. 4/A

Accession 0001179110-13-012247

CIK 0001420850operating
View on SEC.govCompany Profile

Filed

Jul 28, 8:00 PM ET

Accepted

Jul 29, 4:57 PM ET

Size

27.5 KB

Accession

0001179110-13-012247

Insider Transaction Report

Form 4/AAmended
Period: 2013-07-11
ExactTarget, Inc.ET
Dorsey Scott D
DirectorChief Executive Officer
Transactions
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2013-07-18$26.05/sh−200,000$5,210,000→ 0 total
    Exercise: $7.70Exp: 2021-03-23→ Common Stock (200,000 underlying)
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2013-07-18$18.75/sh−250,000$4,687,500→ 50,000 total
    Exercise: $15.00Exp: 2022-02-28→ Common Stock (250,000 underlying)
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2013-07-18$11.65/sh−87,500$1,019,375→ 62,500 total
    Exercise: $22.10Exp: 2023-02-26→ Common Stock (87,500 underlying)
  • Disposition from Tender

    Common Stock

    2013-07-11$33.75/sh−300,000$10,125,000→ 0 total(indirect: See footnote)
  • Disposition to Issuer

    Common Stock

    2013-07-18$33.75/sh−37,500$1,265,625→ 37,500 total
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2013-07-18−50,000→ 0 total
    Exercise: $15.00Exp: 2022-02-28→ Common Stock (50,000 underlying)
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2013-07-18$29.08/sh−400,000$11,632,000→ 0 total
    Exercise: $4.67Exp: 2019-01-25→ Common Stock (400,000 underlying)
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2013-07-18$28.14/sh−200,000$5,628,000→ 0 total
    Exercise: $5.61Exp: 2020-05-26→ Common Stock (200,000 underlying)
  • Disposition to Issuer

    Common Stock

    2013-07-18−37,500→ 0 total
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2013-07-18−62,500→ 0 total
    Exercise: $22.10Exp: 2023-02-26→ Common Stock (62,500 underlying)
  • Disposition from Tender

    Common Stock

    2013-07-11$33.75/sh−950,000$32,062,500→ 75,000 total
Footnotes (10)
  • [F1]These shares are held by the Dorsey Foundation, Inc., of which Mr. Dorsey is a director. Mr. Dorsey disclaims beneficial ownership of these shares and the filing of this report is not an admission that he is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
  • [F10]This option grant, which provided that one-fourth would vest and become exercisable on February 26, 2014 and three-fourths would vest and become exercisable in thirty-six equal monthly installments beginning on March 26, 2014, was assumed by salesforce.com, inc. in the merger and replaced with an option to purchase 52,334 shares of salesforce.com, inc. common stock for $26.40 per share.
  • [F2]Represents restricted stock units disposed of pursuant to a merger agreement between ExactTarget, Inc., salesforce.com, inc. and Excalibur Acquisition Corp.
  • [F3]Represents restricted stock units disposed of pursuant to a merger agreement between ExactTarget, Inc., salesforce.com, inc. and Excalibur Acquisition Corp. These restricted stock units, which provided for vesting in four equal annual installments beginning February 26, 2014, were assumed by salesforce.com, inc. in the merger and replaced with 31,400 restricted stock units of salesforce.com, inc. that will vest in two equal annual installments beginning on February 26, 2014.
  • [F4]This option grant, which provided that 100,000 options would vest and become exercisable on January 26, 2010 and 300,000 options would vest and become exercisable in thirty-six equal monthly installments beginning on February 26, 2010, was cancelled in the merger in exchange for a cash payment of $11,632,000 representing the difference between the exercise price of the option and the market value of the underlying ExactTarget, Inc. common stock on the effective date of the merger ($33.75 per share).
  • [F5]This option grant, which provided that 50,000 options would vest and become exercisable on May 27, 2011 and 150,000 options would vest and become exercisable in thirty-six equal monthly installments beginning on June 27, 2011, was cancelled in the merger in exchange for a cash payment of $5,629,000 representing the difference between the exercise price of the option and the market value of the underlying ExactTarget, Inc. common stock on the effective date of the merger ($33.75 per share).
  • [F6]This option grant, which provided that 50,000 options would vest and become exercisable on March 24, 2012 and 150,000 options would vest and become exercisable in thirty-six equal monthly installments beginning on April 24, 2012, was cancelled in the merger in exchange for a cash payment of $5,210,000 representing the difference between the exercise price of the option and the market value of the underlying ExactTarget, Inc. common stock on the effective date of the merger ($33.75 per share).
  • [F7]This option grant, which provided that 75,000 options would vest and become exercisable on March 1, 2013 and 225,000 options would vest and become exercisable in thirty-six equal monthly installments beginning on April 1, 2013, was cancelled in the merger in exchange for a cash payment of $4,687,500 representing the difference between the exercise price of the option and the market value of the underlying ExactTarget, Inc. common stock on the effective date of the merger ($33.75 per share).
  • [F8]This option grant, which provided that 75,000 options would vest and become exercisable on March 1, 2013 and 225,000 options would vest and become exercisable in thirty-six equal monthly installments beginning on April 1, 2013, was assumed by salesforce.com, inc. in the merger and replaced with an option to purchase 41,867 shares of salesforce.com, inc. common stock for $17.92 per share.
  • [F9]This option grant, which provided that one-fourth would vest and become exercisable on February 26, 2014 and three-fourths would vest and become exercisable in thirty-six equal monthly installments beginning on March 26, 2014, was cancelled in the merger in exchange for a cash payment of $1,019,375 representing the difference between the exercise price of the option and the market value of the underlying ExactTarget, Inc. common stock on the effective date of the merger ($33.75 per share).

Documents

1 file

Issuer

ExactTarget, Inc.

CIK 0001420850

→
Entity typeoperating
IncorporatedDE

Related Parties

1
  • filerCIK 0001420850

Filing Metadata

Form type
4/A
Filed
Jul 28, 8:00 PM ET
Accepted
Jul 29, 4:57 PM ET
Size
27.5 KB
View on SEC.gov