ZTI MERGER SUBSIDIARY III INC 4
4 · ZTI MERGER SUBSIDIARY III INC · Filed Nov 17, 2003
Insider Transaction Report
Form 4
DAHL ROBERT K
Director
Transactions
- Conversion
Series AA Preferred Stock
2003-11-13−118,750→ 0 total(indirect: See below.)Exercise: $4.00→ Common Stock (118,750 underlying) - Conversion
Series B Preferred
2003-11-13−13,318→ 0 total(indirect: See below.)Exercise: $2.02→ Common Stock (13,318 underlying) - Disposition to Issuer
Common Stock
2003-11-13−381,818→ 381,818 total(indirect: See below.) - Conversion
Common Stock
2003-11-13+132,068→ 132,068 total(indirect: See below.)
Footnotes (4)
- [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 Zhone'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).
- [F2]Held by Mr. Dahl as Trustee of the Dahl Family Trust Dated October 1, 1989, as amended.
- [F3]Shares of preferred stock were converted into the same number of shares of the issuer's common stock immediately prior to the merger.
- [F4]Not applicable.