Parhizgar Azin 4
4 · CONOR MEDSYSTEMS INC · Filed Feb 2, 2007
Insider Transaction Report
Form 4
Parhizgar Azin
VP, Chief Operating Officer
Transactions
- Disposition to Issuer
Employee Stock Option (Right to Buy)
2007-02-01$32.31/sh−372,960$12,050,338→ 0 totalExercise: $1.19Exp: 2014-09-09→ Common Stock (372,960 underlying) - Disposition to Issuer
Common Stock
2007-02-01$33.50/sh−4,869$163,112→ 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) - 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
Employee Stock Option (Right to buy)
2007-02-01$32.31/sh−34,660$1,119,865→ 0 totalExercise: $1.19Exp: 2014-09-09→ Common Stock (34,660 underlying)
Footnotes (3)
- [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 was fully vested, 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.
- [F3]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.