Rally Software Development Corp 4
4 · Rally Software Development Corp · Filed Jul 10, 2015
Insider Transaction Report
Form 4
Porfido Margaret
Director
Transactions
- Disposition to Issuer
Common Stock
2015-07-08$19.50/sh−5,982$116,649→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2015-07-08−14,000→ 0 totalExercise: $12.45Exp: 2025-02-04→ Common Stock (14,000 underlying)
Footnotes (2)
- [F1]Per the terms of the Acquisition Agreement, dated as of May 27, 2015, among the Issuer, CA, Inc., a Delaware corporation, and Grand Prix Acquisition Corp., a Delaware corporation (the "Agreement") each restricted stock unit award that was vested but not released as of immediately prior to the Effective Time (as defined in the Agreement) was cancelled and converted into the right to receive cash in amount equal to $19.50 per share, without interest and less any required withholding taxes.
- [F2]Per the terms of the Agreement, each stock option that was outstanding and vested but unexercised as of immediately prior to the Effective Time was cancelled and converted into the right to receive cash in an amount equal to (i) the total number of shares subject to each such vested option immediately prior to the Closing (as defined in the Agreement) multiplied by (ii) the excess, if any, of (x) $19.50 per share in cash, over (y) the exercise price payable per share under each such stock option, without interest and less any required withholding taxes.