BOSCHERT ROBERT 4
4 · HYTEK MICROSYSTEMS INC · Filed Jun 3, 2005
Insider Transaction Report
Form 4
BOSCHERT ROBERT
Director
Transactions
- Disposition from Tender
Common Stock
2005-06-01$2.00/sh−13,000$26,000→ 0 total - Disposition from Tender
Employee stock option (Right to buy)
2005-06-01$0.19/sh−5,000$950→ 0 totalExercise: $1.81Exp: 2009-12-31→ Common Stock (5,000 underlying)
Footnotes (5)
- [F1]The option vests and becomes exercisable at the rate of approximately 1/12th each month for a year starting 1/31/2000. This option was canceled pursuant to a merger agreement in exchange for a cash payment of $950.00 representing the difference between the exercise price of the option and the value of the underlying Hytek Microsystems common stock on the effective date of the merger ($2 per share).
- [F2]The option vests and becomes exercisable at the rate of approximately 1/12th each month for a year starting 1/29/2002. This option was canceled pursuant to a merger agreement in exchange for a cash payment of $450.00 representing the difference between the exercise price of the option and the value of the underlying Hytek Microsystems common stock on the effective date of the merger ($2 per share).
- [F3]The option vests and becomes exercisable at the rate of approximately 1/12th each month for a year starting 1/27/2003. This option was canceled pursuant to a merger agreement in exchange for a cash payment of $6,350.00 representing the difference between the exercise price of the option and the value of the underlying Hytek Microsystems common stock on the effective date of the merger ($2 per share).
- [F4]The option vests and becomes exercisable at the rate of approximately 1/12th each month for a year starting 1/31/2004. This option was canceled pursuant to a merger agreement in exchange for a cash payment of $5,600.00 representing the difference between the exercise price of the option and the value of the underlying Hytek Microsystems common stock on the effective date of the merger ($2 per share).
- [F5]The option vests and becomes exercisable at the rate of approximately 1/12th each month for a year starting 1/31/2004. This option was canceled pursuant to a merger agreement in exchange for a cach payment of $5,600.00 representing the difference between the exercise price of the option and the value of the underlying Hytek Microsystems common stock on the effective date of the merger ($2 per share).