CASE RAYMOND J 4
4 · HYTEK MICROSYSTEMS INC · Filed Jun 3, 2005
Insider Transaction Report
Form 4
CASE RAYMOND J
Director
Transactions
- Disposition from Tender
Employee stock option (Right to buy)
2005-06-01$0.99/sh−15,000$14,850→ 0 totalExercise: $1.01Exp: 2013-10-30→ Common Stock (15,000 underlying)
Footnotes (1)
- [F1]The option vests and becomes exercisable at the rate of 1/3rd each year for three years on October 30, 2004. This option was canceled pursuant to a merger agreement in exchange for a cash payment of $14,850 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).