4//SEC Filing
ZTI MERGER SUBSIDIARY III INC 4
Accession 0001181431-03-031499
CIK 0001097703operating
Filed
Nov 16, 7:00 PM ET
Accepted
Nov 17, 9:08 PM ET
Size
14.4 KB
Accession
0001181431-03-031499
Insider Transaction Report
Form 4
MISAKA KIRK
Vice President Finance & Corpo
Transactions
- Disposition to Issuer
Option (Right to buy)
2003-11-13−38,000→ 0 totalExercise: $0.10From: 2003-05-14Exp: 2013-05-14→ Common Stock (38,000 underlying) - Disposition to Issuer
Option (Right to buy)
2003-11-13−85,000→ 0 totalExercise: $2.58From: 2003-10-01Exp: 2013-10-01→ Common Stock (85,000 underlying) - Disposition to Issuer
Common Stock
2003-11-13−207,370→ 0 total - Conversion
Common Stock
2003-11-13−187,370→ 187,370 total - Disposition to Issuer
Option (Right to buy)
2003-11-13−7,000→ 0 totalExercise: $1.40From: 2003-08-08Exp: 2013-08-08→ Common Stock (7,000 underlying) - Disposition to Issuer
Option (Right to buy)
2003-11-13−16,248→ 0 totalExercise: $1.40From: 2003-09-02Exp: 2013-09-02→ Common Stock (16,248 underlying) - Conversion
Series B Preferred
2003-11-13−187,370→ 0 totalExercise: $2.02→ Common Stock (187,370 underlying) - Disposition to Issuer
Option (Right to buy)
2003-11-13−52,416→ 0 totalExercise: $0.10From: 2002-07-02Exp: 2012-07-02→ Common Stock (52,416 underlying)
Footnotes (11)
- [F1]Each share of the issuer's common stock was disposed of pursuant to a merger agreement between the issuer and Tellium, Inc. (which subsequently changed its name to Zhone Technologies, Inc.) ("Tellium") in exchange for .47 shares of Tellium common stock. On the effective date of the merger, there was no market for the issuer's common stock, and the closing price of Tellium's common stock was $1.69 per share (as reported on the Nasdaq SmallCap Market and prior to a four-to-one reverse stock split which occurred immediately prior to the merger).
- [F10]The option was assumed by Tellium in the merger and replaced with an option to purchase 17,860 shares of Tellium common stock at an exercise price of $.21 per share.
- [F11]Shares of preferred stock were converted into the same number of shares of the issuer's common stock immediately prior to the merger.
- [F2]The option is immediately exercisable, but the underlying shares vest 1/48 per month for each month of continuous service to the company.
- [F3]The option is immediately exercisable and the underlying shares are fully vested.
- [F4]The option is immediately exercisable, but the underlying shares vest 1/36 per month for each month of continuous service to the company.
- [F5]Not applicable.
- [F6]The option was assumed by Tellium in the merger and replaced with an option to purchase 3,290 shares of Tellium common stock at an exercise price of $2.97 per share.
- [F7]The option was assumed by Tellium in the merger and replaced with an option to purchase 7,636 shares of Tellium common stock at an exercise price of $2.97 per share.
- [F8]The option was assumed by Tellium in the merger and replaced with an option to purchase 39,950 shares of Tellium common stock at an exercise price of $5.48 per share.
- [F9]The option was assumed by Tellium in the merger and replaced with an option to purchase 24,635 shares of Tellium common stock at an exercise price of $.21 per share.
Documents
Issuer
ZTI MERGER SUBSIDIARY III INC
CIK 0001097703
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001097703
Filing Metadata
- Form type
- 4
- Filed
- Nov 16, 7:00 PM ET
- Accepted
- Nov 17, 9:08 PM ET
- Size
- 14.4 KB