HORIZON HEALTH CORP /DE/ 4
4 · HORIZON HEALTH CORP /DE/ · Filed Jun 1, 2007
Insider Transaction Report
Form 4
SMITH TOM
Other
Transactions
- Disposition to Issuer
Common Stock
2007-05-31$20.00/sh−3,000$60,000→ 0 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2007-05-31−15,000→ 0 totalExercise: $26.76Exp: 2015-10-21→ Common Stock (15,000 underlying)
Footnotes (2)
- [F1]Represents shares disposed of pursuant to a merger agreement dated December 20, 2006 between issuer and Psychiatric Solutions, Inc. in exchange for the merger consideration of $20 per share. Number of shares includes unvested restricted stock award shares that vested on the effective date of the merger pursuant to the merger agreement.
- [F2]Pursuant to the merger agreement, all options, all of which provided for vesting in equal annual installments on the anniversary grant date as previously reported, including those which had any unvested installments that vested on the effective date of the merger, were cancelled in the merger in exchange for a cash payment equal to the difference between the exercise price of the respective options and the merger consideration of $20 per share times the number of shares subject to the respective options. The reporting person received no consideration pursuant to the cancellation of the reported options as the exercise price of the options exceeded the amount of the merger consideration.