WINTON CAPITAL HOLDINGS LTD 4
4 · EDUCATION LENDING GROUP INC · Filed Feb 22, 2005
Insider Transaction Report
Form 4
WINTON CAPITAL HOLDINGS LTD
10% Owner
Transactions
- Other
Warrant (Option to Buy)
2005-02-17$19.05/sh−62,500$1,190,625→ 0 totalExercise: $4.00From: 2001-02-02Exp: 2006-02-02→ Common Stock, par value $.001 (62,500 underlying) - Disposition from Tender
Common Stock, par value $.001 per share
2005-02-14$19.05/sh−1,484,000$28,270,200→ 0 total
Footnotes (2)
- [F1]Disposed of pursuant to a tender offer by CIT ELG Corporation ("Purchaser") to purchase all of the shares of Common Stock of the Issuer, which shares were accepted for payment by CIT Group, Inc., Purchaser's parent corporation, on February 14, 2005, in connection with the merger of the Issuer and Purchaser.
- [F2]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 warrant into the right to receive a cash payment of the tender offer price of $19.05 per share of common stock.