OPALSKI JON E 4
4 · REMEC INC · Filed Sep 7, 2005
Insider Transaction Report
Form 4
REMEC INCREMC
OPALSKI JON E
Executive Vice President
Transactions
- Exercise/Conversion
Stock Option (Right to Buy)
2005-09-02−100,000→ 0 totalExercise: $4.25Exp: 2012-12-20→ Common Stock (100,000 underlying) - Tax Payment
Common Stock
2005-09-02$6.00/sh−78,470$470,820→ 69,417 total - Exercise/Conversion
Stock Option (Right to Buy)
2005-09-02−15,000→ 0 totalExercise: $5.29Exp: 2008-09-28→ Common Stock (15,000 underlying) - Exercise/Conversion
Common Stock
2005-09-02$4.25/sh+100,000$425,000→ 147,887 total - Tax Payment
Common Stock
2005-09-02$6.00/sh−13,699$82,194→ 70,718 total - Exercise/Conversion
Common Stock
2005-09-02$5.29/sh+15,000$79,350→ 84,417 total
Footnotes (1)
- [F1]On June 10, 2005, the Board of Directors of the Issuer authorized acceleration of the vesting of the unvested portion of this stock option, contingent upon completion of the sale of selected assets and liabilities of the Issuer's Wireless Systems Business to Powerwave Technologies, Inc. (the "Asset Transaction"). The Asset Transaction was completed on September 2, 2005. Accordingly, this stock option became fully vested and exercisable on September 2, 2005.