RESTORATION HARDWARE INC 4
4 · RESTORATION HARDWARE INC · Filed Jun 19, 2008
Insider Transaction Report
Form 4
Sears Ian
Chief Marketing Officer
Transactions
- Disposition to Issuer
Common Stock
2008-06-17$4.50/sh−7,750$34,875→ 0 total - Disposition to Issuer
Option to purchase Common Stock
2008-06-17−50,000→ 0 totalExercise: $6.68From: 2007-05-01Exp: 2016-05-01→ Common Stock (50,000 underlying) - Disposition to Issuer
Restricted Stock Units
2008-06-17$4.50/sh−10,000$45,000→ 0 totalExercise: $4.50→ Common Stock (10,000 underlying) - Disposition to Issuer
Option to purchase Common Stock
2008-06-17−20,000→ 0 totalExercise: $6.42From: 2008-04-11Exp: 2017-04-11→ Common Stock (20,000 underlying)
Footnotes (3)
- [F1]Disposed of in connection with the merger of Restoration Hardware, Inc. ("Restoration") with and into Home Holdings LLC ("Home Holdings"), effective June 17, 2008 (the "Merger"), pursuant to the Agreement and Plan of Merger dated as of November 8, 2007, among Restoration, Home Holdings and Home Merger Sub, Inc., as amended by the First Amendment thereto dated as of January 24, 2008. In connection with the Merger, the shares listed were exchanged for the right to receive $4.50 per share in cash.
- [F2]The option was cancelled in the Merger for no consideration.
- [F3]The restricted stock units were replaced with a cash incentive program of Restoration, which in either case preserves the compensation elements and vesting terms of the restricted stock units.