4//SEC Filing
COLE JOHN F 4
Accession 0001181431-05-032984
CIK 0000715593other
Filed
Jun 2, 8:00 PM ET
Accepted
Jun 3, 4:42 PM ET
Size
12.2 KB
Accession
0001181431-05-032984
Insider Transaction Report
Form 4
COLE JOHN F
DirectorPresident & CEO
Transactions
- Disposition from Tender
Employee stock option (Right to buy)
2005-06-01$1.19/sh−49,412$58,800→ 0 totalExercise: $0.81Exp: 2014-12-17→ Common Stock (49,412 underlying) - Disposition from Tender
Employee stock option (Right to buy)
2005-06-01$1.13/sh−15,000$16,950→ 0 totalExercise: $0.87Exp: 2013-02-18→ Common Stock (15,000 underlying) - Disposition from Tender
Common Stock
2005-06-01$2.00/sh−10,000$20,000→ 0 total - Disposition from Tender
Employee stock option (Right to buy)
2005-06-01$0.98/sh−40,000$39,200→ 0 totalExercise: $1.02Exp: 2009-03-12→ Common Stock (40,000 underlying)
Footnotes (3)
- [F1]The option vests and becomes exercisable at the rate of 1/4th of the shares on December 17, 2005 and as to 1/48th of the shares on each one month anniversary thereafter. This option was canceled pursuant to a merger agreement in exchange for a cash payment of $58,800.28 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 1/4th of the shares on March 12, 2005 and as to 1/48th of the shares on each one month anniversary thereafter. This option was canceled pursuant to a merger agreement in exchange for a cash payment of $39,200.00 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 1/3rd each year for three years on February 18, 2004. This option was canceled pursuant to a merger agreement in exchange for a cash payment of $16,950.00 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).
Documents
Issuer
HYTEK MICROSYSTEMS INC
CIK 0000715593
Entity typeother
Related Parties
1- filerCIK 0001261674
Filing Metadata
- Form type
- 4
- Filed
- Jun 2, 8:00 PM ET
- Accepted
- Jun 3, 4:42 PM ET
- Size
- 12.2 KB