4//SEC Filing
KYPHON INC 4
Accession 0001181431-07-067037
CIK 0001123313operating
Filed
Nov 5, 7:00 PM ET
Accepted
Nov 6, 9:56 PM ET
Size
15.1 KB
Accession
0001181431-07-067037
Insider Transaction Report
Form 4
KYPHON INCKYPH
LASERSOHN JACK W
Director
Transactions
- Disposition to Issuer
Common Stock
2007-11-02−190,840→ 0 total(indirect: See Footnote) - Disposition to Issuer
Director Stock Option (Right to Buy)
2007-11-02$5.31/sh−7,500$39,825→ 0 totalExercise: $65.69Exp: 2017-08-01→ Common Stock (7,500 underlying)
Footnotes (6)
- [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]Includes 190,840 shares beneficially owned by Vertical Fund I, L.P. ("VF-I") and Vertical Fund II, L.P. ("VF-II") Jack W. Lasersohn, one of our directors, is a general partner of The Vertical Group, L.P, which is the sole general partner of both VF-I and VF-II. Mr. Lasersohn disclaims beneficial ownership of all shares ownened by the Vertical entities except to the extent of his partnership interest in the shares.
- [F3]This option, which provided for vesting of 1/36 of shares per month beginning on 9/1/07, was cancelled in the merger with Medtronic, Inc. in exchange for a cash payment of $39,825, representing the difference between the exercise price of the option and the merger consideration.
- [F4]This option, which provided for vesting of 1/36 of shares per month beginning on 8/31/06, was cancelled in the merger with Medtronic, Inc. in exchange for a cash payment of $277,050, representing the difference between the exercise price of the option and the merger consideration.
- [F5]This option, which provided for vesting of 1/36 of shares per month beginning on 8/1/05, was cancelled in the merger with Medtronic, Inc. in exchange for a cash payment of $277,050, representing the difference between the exercise price of the option and the merger consideration.
- [F6]This option, which provided for vesting of 1/36 of shares per month beginning on 11/1/04, was cancelled in the merger with Medtronic, Inc. in exchange for a cash payment of $349,500, 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, 9:56 PM ET
- Size
- 15.1 KB