EDUCATE INC 4
4 · EDUCATE INC · Filed Jun 18, 2007
Insider Transaction Report
Form 4
EDUCATE INCEEEE
Shaffer Kevin
Chief Financial Officer
Transactions
- Award
Option to common stock
2007-06-14+0.37→ 0.37 totalExercise: $680525.00Exp: 2013-07-01→ Common Stock (0.37 underlying) - Disposition to Issuer
Option to common stock
2007-06-14−80,000→ 0 totalExercise: $5.06Exp: 2014-05-13→ Common Stock (80,000 underlying) - Disposition to Issuer
Common Stock par value $ 0.01
2007-06-14$8.00/sh−95,858$766,864→ 0 total - Disposition to Issuer
Option to common stock
2007-06-14−141,834→ 0 totalExercise: $3.71Exp: 2013-07-01→ Common Stock (141,834 underlying) - Award
Option to common stock
2007-06-14+0.21→ 0.21 totalExercise: $1202886.00Exp: 2014-05-13→ Common Stock (0.21 underlying)
Footnotes (2)
- [F1]This option was amended in the merger of Edge Acquisition Corporation with and into the issuer, with the issuer as the surviving corporation, pursuant to the merger agreement dated January 28, 2007 among Edge Acquisition LLC, Edge Acquisition Corporation and the issuer. The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The amended option is for 0.3665586 shares of common stock with an exercise price of $680,525.14 per share. All other terms of the option remain unchanged. The option was originally granted on July 1, 2003 and provides for vesting as to 1/48 of the options at the end of each full month after the date of grant.
- [F2]This option was amended in the merger. The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The amended option is for 0.2067536 shares of common stock with an exercise price of $1,202,886.04 per share. All other terms of the option remain unchanged. The option was originally granted on May 13, 2004 and provides for vesting as to 1/48 of the options at the end of each full month after the date of grant.