EMBARCADERO TECHNOLOGIES INC 4
4 · EMBARCADERO TECHNOLOGIES INC · Filed Jun 27, 2007
Insider Transaction Report
Form 4
Schoonover Scott B
Vice President, Worldwide Sale
Transactions
- Disposition to Issuer
Common Stock
2007-06-25−40,000→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2007-06-25−100,000→ 0 totalExercise: $7.15Exp: 2014-05-29→ Common Stock (100,000 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to an Agreement and Plan of Merger, dated as of April 5, 2007, by and among EMB Holding Corp., EMBT Merger Corp. and the Issuer (the "Merger Agreement"). The restricted stock was accelerated and became fully vested immediately prior to the completion of the merger pursuant to the Merger Agreement, and any repurchase option lapsed, after which each such share was converted into the right to receive $7.20 in cash, without interest.
- [F2]This option was canceled in the merger pursuant to the Merger Agreement in exchange for the right to receive a cash payment, without interest, less applicable withholding taxes, in an amount equal to the product of (i) the total number of shares of the Issuer's common stock subject to the option, multiplied by (ii) the excess of $7.20 over the exercise price per share of the Issuer's common stock underlying this option.