4//SEC Filing
KYPHON INC 4
Accession 0001181431-07-067035
CIK 0001123313operating
Filed
Nov 5, 7:00 PM ET
Accepted
Nov 6, 9:55 PM ET
Size
17.1 KB
Accession
0001181431-07-067035
Insider Transaction Report
Form 4
KYPHON INCKYPH
TALMADGE KAREN D
DirectorEVP and Chief Science Officer
Transactions
- Disposition to Issuer
Employee Stock Option (Right to Buy)
2007-11-02$31.73/sh−20,000$634,600→ 0 totalExercise: $39.27Exp: 2016-09-15→ Common Stock (20,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2007-11-02$46.74/sh−50,000$2,337,000→ 0 totalExercise: $24.26Exp: 2014-06-14→ Common Stock (50,000 underlying) - Disposition to Issuer
Common Stock
2007-11-02−204,900→ 0 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2007-11-02$55.60/sh−5,000$278,000→ 0 totalExercise: $15.40Exp: 2013-07-21→ Common Stock (5,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2007-11-02$70.95/sh−100,000$7,094,750→ 0 totalExercise: $0.05Exp: 2008-10-22→ Common Stock (100,000 underlying)
Footnotes (7)
- [F1]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.
- [F2]This option, which vested in full on 10/22/98, was cancelled in the merger with Medtronic, Inc. in exchange for a cash payment of $7,094,750, representing the difference between the exercise price of the option and the merger consideration.
- [F3]This option, which provided for vesting of 1/4 of total shares on 10/1/01 and 1/36th of the remainder per month thereafter, was cancelled in the merger with Medtronic, Inc. in exchange for a cash payment of $7,000,000, representing the difference between the exercise price of the option and the merger consideration.
- [F4]This option, which provided for vesting of 1/48th of shares per month beginning on 8/21/03, was cancelled in the merger with Medtronic, Inc. in exchange for a cash payment of $278,000, representing the difference between the exercise price of the option and the merger consideration.
- [F5]This option, which provided for vesting of 1/48th of shares per month beginning on 7/14/04, was cancelled in the merger with Medtronic, Inc. in exchange for a cash payment of $2,337,000, representing the difference between the exercise price of the option and the merger consideration.
- [F6]The exercise price of this option was incorrectly reported as $36.27 and not $39.27 in the Form 4 filed on 9/19/06.
- [F7]This option, which provided for vesting of 1/48th of shares per month beginning on 10/15/06, was cancelled in the merger with Medtronic, Inc. in exchange for a cash payment of $634,600, 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, 9:55 PM ET
- Size
- 17.1 KB