4//SEC Filing
KYPHON INC 4
Accession 0001181431-07-067031
CIK 0001123313operating
Filed
Nov 5, 7:00 PM ET
Accepted
Nov 6, 9:52 PM ET
Size
7.7 KB
Accession
0001181431-07-067031
Insider Transaction Report
Form 4
KYPHON INCKYPH
LAMB MAUREEN L
VP, CFO and Treasurer
Transactions
- Disposition to Issuer
Employee Stock Option (Right to Buy)
2007-11-02$31.73/sh−100,000$3,173,000→ 0 totalExercise: $39.27Exp: 2016-09-15→ Common Stock (100,000 underlying) - Disposition to Issuer
Common Stock
2007-11-02−7,544→ 0 total
Footnotes (2)
- [F1]Includes 544 shares that were purchased in August 2007 pursuant to Kyphon Inc.'s Employee Stock Purchase Plan and that were disposed of pursuant to the merger agreement among Kyphon Inc., Jets Acquisition Corporation and Medtronic, Inc. in exchange for $71.00 per share in cash on the effective date of the merger. Also includes 7,000 Restricted Stock Units, which originally provided for vesting in three equal annual installments beginning on 8/20/08, that were disposed of in connection with the merger in exchange for $71.00 per share in cash on the effective date of the merger.
- [F2]This option, which provided for vesting of 1/4 of total shares on 9/15/07 and 1/36th of the remainder per month thereafter, was cancelled in the merger with Medtronic, Inc. in exchange for a cash payment of $3,173,000, representing the difference between the exercise price of the option and the merger consideration.
Documents
Issuer
KYPHON INC
CIK 0001123313
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001123313
Filing Metadata
- Form type
- 4
- Filed
- Nov 5, 7:00 PM ET
- Accepted
- Nov 6, 9:52 PM ET
- Size
- 7.7 KB