BUSHLEY C DAVID 4
4 · EDUCATION LENDING GROUP INC · Filed Feb 22, 2005
Insider Transaction Report
Form 4
BUSHLEY C DAVID
Director
Transactions
- Other
Stock Option (Right to Buy)
2005-02-17$19.05/sh−50,000$952,500→ 0 totalExercise: $5.25From: 2004-04-01Exp: 2013-04-01→ Common Stock, par value $.001 (50,000 underlying) - Other
Stock Option (Right to Buy)
2005-02-17$19.05/sh−10,000$190,500→ 0 totalExercise: $15.29From: 2005-05-17Exp: 2014-05-17→ Common Stock, par value $.001 (10,000 underlying)
Footnotes (1)
- [F1]Disposed of pursuant to an Agreement and Plan of Merger dated as of January 4, 2005 among the Issuer, CIT Group Inc. and CIT ELG Corporation, by automatic cancellation and conversion of the option into the right to receive a cash payment of the tender offer price of $19.05 per share of common stock.