NORTH PITTSBURGH SYSTEMS INC 4
4 · NORTH PITTSBURGH SYSTEMS INC · Filed Jan 2, 2008
Insider Transaction Report
Form 4
COLE CHARLES E
Director
Transactions
- Disposition to Issuer
Common Stock
2007-12-31−32,608→ 0 total(indirect: By Spouse) - Disposition to Issuer
Common Stock
2007-12-31−34,300→ 32,608 total
Footnotes (3)
- [F1]Disposed pursuant to merger agreement between issuer and Consolidated Holdings, Inc. ("Consolidated"). Each share will be exchanged for either $25 in cash or 1.1061947 shares of Consolidated common stock (having a market value of $22.01327453 on the effective date of the merger), as elected by the holder, subject to proration.
- [F2]These shares held individually by Charles E. Cole.
- [F3]These shares held by Mary M. Cole, spouse of Charles E. Cole. The filing of this report shall not be construed as an admission that the undersigned is for the purpose of Section 16(a) of the Act, a beneficial owner of the 32,608 shares held by Mary M. Cole.