CAREMARK RX INC 4
4 · CAREMARK RX INC · Filed Mar 26, 2007
Insider Transaction Report
Form 4
JOYNER JOHN D
EVP-Sales & Account Management
Transactions
- Disposition to Issuer
Stock Option
2007-03-22−160,000→ 0 totalExercise: $32.03From: 2005-05-10Exp: 2014-05-10→ Common Stock, par value $.001 (160,000 underlying) - Disposition to Issuer
Stock Option
2007-03-22−50,000→ 0 totalExercise: $50.84From: 2007-03-01Exp: 2016-03-01→ Common Stock, par value $.001 (50,000 underlying)
Footnotes (1)
- [F1]Issuer options are being replaced in the merger with CVS/Caremark Corporation options exercisable for CVS/Caremark Corporation common stock. The number of CVS/Caremark Corporation common shares and the exercise price of the CVS/Caremark Corporation replacement option will be computed using a formula that will result in the Reporting Person receiving an intrinsic value in the CVS/Caremark Corporation replacement option that will be approximately equal to the intrinsic value of the issuer options valued immediately prior to the merger.