4//SEC Filing
MATKOV GEORGE J JR 4
Accession 0001181431-05-045134
CIK 0001061859other
Filed
Aug 7, 8:00 PM ET
Accepted
Aug 8, 12:41 PM ET
Size
10.1 KB
Accession
0001181431-05-045134
Insider Transaction Report
Form 4
OVERNITE CORPOVNT
MATKOV GEORGE J JR
Director
Transactions
- Disposition from Tender
Phantom Stock
2005-08-05−784.4→ 0 total→ Common Stock (784.4 underlying) - Disposition from Tender
Common Stock
2005-08-05$43.25/sh−3,779$163,442→ 0 total - Disposition from Tender
Stock Options
2005-08-05−2,000→ 0 totalExercise: $29.77→ Common Stock (2,000 underlying)
Footnotes (3)
- [F1]Under the Agreement of Merger among United Parcel Service, Inc., Olympic Merger Sub, Inc and Overnite Corporation pursuant to which Olympic Merger Sub, Inc. was merged into Overnite Corporation (the "Merger"), each share of Overnite common stock, including each restricted share (whether vested or unvested), outstanding at the effective time of the Merger was converted into the right to receive $43.25 in cash.
- [F2]These stock options were fully vested when granted. Under the Agreement of Merger, each outstanding stock option outstanding at the effective time of the Merger was cancelled in exchange for a cash payment equal to the difference between $43.25 and the exercise price per share subject to such option, multiplied by the number of shares subject to the option.
- [F3]These phantom stock units were granted to the reporting person in lieu of cash and/or common stock payments of retainer fees pursuant to the Overnite Corporation Directors' Deferred Compensation Plan and are to be settled at the election of the reporting person in common stock in lieu of cash pursuant to such plan. Under the Agreement of Merger and pursuant to such plan, at the effective time of the Merger each phantom stock unit was converted into the right to receive $43.25 in cash.
Documents
Issuer
OVERNITE CORP
CIK 0001061859
Entity typeother
Related Parties
1- filerCIK 0001271431
Filing Metadata
- Form type
- 4
- Filed
- Aug 7, 8:00 PM ET
- Accepted
- Aug 8, 12:41 PM ET
- Size
- 10.1 KB