KNIGHT RIDDER INC 4
4 · KNIGHT RIDDER INC · Filed Jul 7, 2006
Insider Transaction Report
Form 4
ERNST MARK A
Director
Transactions
- Disposition to Issuer
Common Stock
2006-06-27−2,138.674→ 0 total - Disposition to Issuer
Non-Qualified Stock Option(right to buy)
2006-06-27−5,000→ 0 totalExercise: $63.86Exp: 2015-12-16→ Common Stock (5,000 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to merger agreement between issuer and The McClatchy Company in exchange for $85,546.972 in cash, 1,094 shares of McClatchy Class A common stock having a closing market value of $39.03 per share on the effective date of the merger, and cash in lieu of fractional shares.
- [F2]This option, which became entirely exercisable on June 20,2006, was canceled in the merger for no consideration because the exercise price exceeded the value of the merger consideration.