ZTI MERGER SUBSIDIARY III INC 4
4 · ZTI MERGER SUBSIDIARY III INC · Filed Nov 24, 2003
Insider Transaction Report
Form 4
TIMMINS JAMES D
Director
Transactions
- Disposition to Issuer
Common Stock
2003-11-13−2,810,328→ 0 total(indirect: See below.) - Conversion
Series B Preferred
2003-11-13−2,810,328→ 0 total(indirect: See below.)Exercise: $2.02→ Common Stock (2,810,328 underlying) - Conversion
Common Stock
2003-11-13+2,810,328→ 2,810,328 total(indirect: See below.)
Footnotes (4)
- [F1]Shares of preferred stock were converted into the same number of shares of the issuer's common stock immediately prior to the merger.
- [F2]See attached footnote exhibit.
- [F3]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 Market and prior to a four-to-one reverse stock split which occurred immediately prior to the merger).
- [F4]Not applicable.