4//SEC Filing
CLOSURE MEDICAL CORP 4
Accession 0001181431-05-033421
CIK 0001016006operating
Filed
Jun 6, 8:00 PM ET
Accepted
Jun 7, 3:13 PM ET
Size
14.3 KB
Accession
0001181431-05-033421
Insider Transaction Report
Form 4
SCHMIDT ROLF D
Director10% Owner
Transactions
- Disposition to Issuer
Common Stock
2005-06-03$27.00/sh−2,907,331$78,497,937→ 0 total - Disposition to Issuer
Non-Employee Director Stock Option (right to buy)
2005-06-03$5.00/sh−10,772$53,860→ 0 totalExercise: $22.00Exp: 2007-06-04→ Common Stock (10,772 underlying) - Disposition to Issuer
Non-Employee Director Stock Option (right to buy)
2005-06-03$7.00/sh−60,000$420,000→ 0 totalExercise: $20.00Exp: 2010-06-13→ Common Stock (60,000 underlying) - Disposition to Issuer
Non-Employee Director Stock Option (right to buy)
2005-06-03$2.44/sh−10,431$25,452→ 0 totalExercise: $24.56Exp: 2008-06-03→ Common Stock (10,431 underlying)
Footnotes (3)
- [F1]Includes a) 179,974 shares owned directly b) 2,047,445 shares held by Cacossing Partners, L.P., a limited partnership of which Rolf D. Schmidt is the sole general partner c) 539,912 shares held by OMI Partners L.P., a limited partnership of which Rolf D. Schmidt is a general partner and d) 140,000 shares owned jointly by Rolf D. Schmidt and his spouse.
- [F2]Disposed of pursuant to the merger agreement between Closure Medical Corporation, Johnson & Johnson and Holden Merger Sub, Inc., a wholly owned subsidiary of Johnson & Johnson, in exchange for a cash payment of $27 per share on the effective date of the merger.
- [F3]This option, which became exercisable with respect to 50% of the shares on the date of grant with the remainder vesting in two equal annual installments commencing on the first anniversary of the date of grant, was canceled in the merger pursuant to the terms of the merger agreement between Closure Medical Corporation, Johnson & Johnson and Holden Merger Sub, Inc., a wholly owned subsidiary of Johnson & Johnson, in exchange for a cash payment equal to the difference between $27 and the exercise price of the option.
Documents
Issuer
CLOSURE MEDICAL CORP
CIK 0001016006
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001016006
Filing Metadata
- Form type
- 4
- Filed
- Jun 6, 8:00 PM ET
- Accepted
- Jun 7, 3:13 PM ET
- Size
- 14.3 KB