4//SEC Filing
VIRAGE INC 4
Accession 0001181431-03-021903
CIK 0001101147operating
Filed
Sep 3, 8:00 PM ET
Accepted
Sep 4, 5:03 PM ET
Size
10.4 KB
Accession
0001181431-03-021903
Insider Transaction Report
Form 4
VIRAGE INCVRGE
LEGO PAUL G
President, CEO10% Owner
Transactions
- Disposition to Issuer
Common Stock, par value $0.001
2003-09-02$1.10/sh−1,711,375$1,882,513→ 0 total - Disposition to Issuer
Option (right to buy)
2003-09-02−300,000→ 0 totalExercise: $1.59From: 2002-05-03Exp: 2012-05-03→ Common Stock (300,000 underlying) - Disposition to Issuer
Option (right to buy)
2003-09-02−200,000→ 0 totalExercise: $4.15From: 2001-04-27Exp: 2011-04-27→ Common Stock (200,000 underlying) - Disposition to Issuer
Option (right to buy)
2003-09-02−416,667→ 0 totalExercise: $6.00From: 1999-12-01Exp: 2009-12-01→ Common Stock (416,667 underlying)
Footnotes (6)
- [F1]Pursuant to the terms of the Agreement and Plan of Merger, dated as of July 9, 2003, by and among Autonomy Corporation plc, a corporation formed under the laws of England and Wales ("Autonomy"), Violet Merger Sub, Inc., a Delaware corporation, and Virage, Inc., a Delaware corporation (the "Merger Agreement"), and upon the closing of the merger contemplated therein, each outstanding share of Virage, Inc. common stock was converted into the right to receive $1.10 in cash. The named individual on page 1 of this Form 4 (the "Named Individual") has converted the shares of Virage, Inc. common stock identified in Part 4 of Table 1 (the "Shares") into the right to receive $1.10 per share in cash.
- [F2]Pursuant to the terms of the Merger Agreement, and upon the closing of the merger contemplated therein, each outstanding option to purchase shares of Virage, Inc. common stock was converted into the right to receive an option to purchase that number of whole Autonomy ordinary shares equal to the product of the number of shares Virage, Inc. common stock subject to the option multiplied by a fraction (referred to as the "Option Exchange Ratio"), the numerator of which is $1.10 and denominator of which is the average closing selling price of Autonomy ordinary shares as quoted on the London Stock Exchange for the ten trading days preceding the closing date of the merger (as converted to U.S. dollars), rounded down to the nearest whole number of Autonomy ordinary shares (the "Autonomy Options").
- [F3]Pursuant to the terms of the Merger Agreement, and upon the closing of the merger contemplated therein, the exercise price of the Autonomy Options will be equal to the exercise price for the shares of Virage, Inc. common stock purchasable pursuant to the option divided by the Option Exchange Ratio, rounded up to the nearest whole cent.
- [F4]Options are immediately exercisable and the underlying shares vest 1/48th per month for each month of continuous service to Virage, Inc.
- [F5]Options are immediately exercisable and the underlying shares vest 1/24th per month for each month of continuous service to Virage, Inc.
- [F6]Options are immediately exercisable and the underlying shares vest 1/12th per month for each month of continuous service as CEO of Virage, Inc.
Documents
Issuer
VIRAGE INC
CIK 0001101147
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001101147
Filing Metadata
- Form type
- 4
- Filed
- Sep 3, 8:00 PM ET
- Accepted
- Sep 4, 5:03 PM ET
- Size
- 10.4 KB