EDUCATE INC 4
4 · EDUCATE INC · Filed Jun 18, 2007
Insider Transaction Report
Form 4
EDUCATE INCEEEE
BERG LAURENCE M
Director
Transactions
- Disposition to Issuer
Option to purchase Common Stock
2007-06-14$2.94/sh−20,000$58,800→ 0 totalExercise: $5.06From: 2004-05-13Exp: 2014-05-13→ Common Stock, par value $0.01 per share (20,000 underlying)
Footnotes (2)
- [F1]The option was cancelled in the merger in exchange for a cash payment of $58,750, representing the amount equal to the number of shares of Educate, Inc. common stock underlying the option multiplied by the difference between the per share exercise price and the per share merger consideration of $8.
- [F2]See Exhibit 99.1