Boennighausen Michael 4
4 · CONOR MEDSYSTEMS INC · Filed Feb 2, 2007
Insider Transaction Report
Form 4
Boennighausen Michael
VP, Finance & Admin., CFO
Transactions
- Disposition to Issuer
Employee Stock Option (Right to Buy)
2007-02-01$17.62/sh−60,000$1,057,200→ 0 totalExercise: $15.88Exp: 2015-05-09→ Common Stock (60,000 underlying) - Disposition to Issuer
Common Stock
2007-02-01$33.50/sh−363,481$12,176,614→ 0 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2007-02-01$11.46/sh−80,000$916,800→ 0 totalExercise: $22.04Exp: 2016-01-20→ Common Stock (80,000 underlying)
Footnotes (2)
- [F1]Pursuant to the terms of the Agreement and Plan of Merger, dated November 16, 2006, among Conor Medsystems, Inc., Johnson & Johnson and Cypress Acquisition Sub, Inc., a wholly owned subsidiary of Johnson & Johnson (the "Merger Agreement"), each issued and outstanding share of common stock was automatically canceled and converted into the right to receive a per share amount equal to $33.50 in cash, without interest.
- [F2]This option, which vested in increments of one forty-eighth of the total shares subject to the option each month, was canceled pursuant to the terms of the Merger Agreement, in exchange for a cash payment equal to the excess of the $33.50 per share merger consideration over the per share exercise price of the option, multiplied by the number of shares of common stock subject to the option.