CLOSURE MEDICAL CORP 4
4 · CLOSURE MEDICAL CORP · Filed Jun 7, 2005
Insider Transaction Report
Form 4
PELAK DANIEL A
President & CEO
Transactions
- Disposition to Issuer
Employee stock option (right to buy)
2005-06-03$12.14/sh−400,000$4,856,000→ 0 totalExercise: $14.86Exp: 2012-08-29→ Common Stock (400,000 underlying) - Disposition to Issuer
Employee stock option (right to buy)
2005-06-03$7.95/sh−60,000$477,000→ 0 totalExercise: $19.05Exp: 2014-12-20→ Common Stock (60,000 underlying) - Disposition to Issuer
Employee stock option (right to buy)
2005-06-03$13.33/sh−200,000$2,666,000→ 0 totalExercise: $13.67Exp: 2013-04-04→ Common Stock (200,000 underlying) - Disposition to Issuer
Common Stock
2005-06-03$27.00/sh−5,000$135,000→ 0 total - Disposition to Issuer
Common Stock
2005-06-03$27.00/sh−6,711$181,197→ 0 total
Footnotes (3)
- [F1]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.
- [F2]Amount includes shares acquired under the Employee Stock Purchase Plan at various times and 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 provided for vesting in four equal installments commencing on the first anniversary of the date of the 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.