4//SEC Filing
GROVES RAY J 4
Accession 0001179706-08-000080
CIK 0001007456other
Filed
Aug 27, 8:00 PM ET
Accepted
Aug 28, 7:37 PM ET
Size
22.5 KB
Accession
0001179706-08-000080
Insider Transaction Report
Form 4
GROVES RAY J
Director
Transactions
- Exercise/Conversion
Common Stock
2008-08-26+69,586→ 71,846 total - Disposition to Issuer
Nonemployee Dir Stock Option (Right to Buy) 6/1/01 Grant
2008-08-26−4,000→ 0 totalExercise: $62.13Exp: 2011-06-01→ Common Stock (4,000 underlying) - Disposition to Issuer
Nonemployee Dir Stock Option (Right to Buy) 5/1/02 Grant
2008-08-26−4,000→ 0 totalExercise: $54.19Exp: 2012-05-01→ Common Stock (4,000 underlying) - Disposition to Issuer
Common Stock
2008-08-26−71,846→ 0 total - Disposition to Issuer
Nonemployee Dir Stock Option (Right to Buy) 6/2/03 Grant
2008-08-26−4,000→ 0 totalExercise: $20.99Exp: 2013-06-02→ Common Stock (4,000 underlying) - Exercise/Conversion
Phantom Stock
2008-08-26−69,586→ 0 totalExercise: $0.00→ Common Stock (69,586 underlying) - Disposition to Issuer
Nonemployee Dir Stock Option (Right to Buy) 6/1/00 Grant
2008-08-26−5,876→ 0 totalExercise: $63.97Exp: 2010-06-01→ Common Stock (5,876 underlying) - Disposition to Issuer
Nonemployee Dir Stock Option (Right to Buy) 6/1/99 Grant
2008-08-26−3,640→ 0 totalExercise: $56.09Exp: 2009-06-01→ Common Stock (3,640 underlying)
Footnotes (10)
- [F1]In connection with the acquisition of Issuer by Hewlett-Packard (the "Merger"), the common stock directly owned by Reporting Person were canceled in exchange for a cash payment of $25 per share on the effective date of the Merger. This disposition was approved in accordance with Rule 16b-3(e) and occurred simultaneously with the Merger.
- [F10]Phantom stock units ("PSUs") are payable in cash upon Reporting Person's termination as Director. Reporting Person may elect the cash payment date to be (i) 5 years post termination as Director, or (ii) lump sum upon termination as Director. The amount listed includes 142 phantom stock unit dividends @ $24.460 credited to Reporting Person's account on 06/10/08, and 139 phantom stock unit dividends @ $25.00 credited to Reporting Person's account on 08/26/08 (reflecting the dividend declared to holders of record on 08/15/08). All of the Reporting Person's PSUs were canceled in the Merger in exchange for a cash payment of $25 per PSU.
- [F2]Information originally included at time grant was reported.
- [F3]1 for 1
- [F4]This option was exchanged by HP in the Merger with an option to purchase 2,008 shares of HP common stock for $101.64 per share.
- [F5]This option was exchanged by HP in the Merger with an option to purchase 3,242 shares of HP common stock for $115.91 per share.
- [F6]This option was exchanged by HP in the Merger with an option to purchase 2,207 shares of HP common stock for $112.58 per share.
- [F7]This option was exchanged by HP in the Merger with an option to purchase 2,207 shares of HP common stock for $98.19 per share.
- [F8]This option was exchanged by HP in the Merger with an option to purchase 2,207 shares of HP common stock for $38.04 per share.
- [F9]Reporting Person's option award(s) were converted using an exchange ratio (i.e., the numerator was the Issuer's per-share merger consideration ($25/share) and the denominator was the average closing price of HP's stock on the NYSE as reported by The Wall Street Journal for the five (5) full trading days ending on the date that is two (2) trading days prior to closing (rounded down to the nearest whole share), with the exercise price of converted stock option grant(s) being equal to (x), the original exercise price for the Issuer's options, divided by (y) - the exchange ratio described above - rounded up to the nearest whole cent.)
Documents
Issuer
ELECTRONIC DATA SYSTEMS CORP /DE/
CIK 0001007456
Entity typeother
Related Parties
1- filerCIK 0001104959
Filing Metadata
- Form type
- 4
- Filed
- Aug 27, 8:00 PM ET
- Accepted
- Aug 28, 7:37 PM ET
- Size
- 22.5 KB