DIGITAL ANGEL CORP 4
4 · DIGITAL ANGEL CORP · Filed Jan 2, 2008
Insider Transaction Report
Form 4
APPLIED DIGITAL SOLUTIONS INC
10% Owner
Transactions
- Purchase
Common Stock
2007-12-28+21,329,618→ 0 total
Footnotes (1)
- [F1]Pursuant to the Agreement and Plan of Reorganization, dated as of August 8, 2007, as amended, by and among the issuer, Applied Digital Solutions, Inc. ("Applied Digital") and Digital Angel Acquisition Corp. ("Merger Sub"), on December 28, 2007, Merger Sub merged with and into the issuer and the issuer continued as the surviving corporation and became a wholly-owned subsidiary of Applied Digital (the "Merger"). By virtue of the Merger, each share of issuer common stock that was owned or controlled by the issuer, Applied Digital or any subsidiary of Applied Digital (the "Affiliate Shares") was automatically canceled, retired and ceased to exist without payment of any consideration thereof and without any conversion thereof and each share of issuer common stock other than the Affiliate Shares was converted into and represents the right to receive 1.4 shares of Applied Digital common stock.