4//SEC Filing
Chandra Arun 4
Accession 0001181431-09-036049
CIK 0001269132other
Filed
Jul 21, 8:00 PM ET
Accepted
Jul 22, 3:59 PM ET
Size
7.9 KB
Accession
0001181431-09-036049
Insider Transaction Report
Form 4
Chandra Arun
DirectorChief Executive Officer
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2009-07-21$1.64/sh−850,000$1,394,000→ 0 totalExercise: $3.21Exp: 2018-10-31→ Common Stock (850,000 underlying) - Disposition to Issuer
Common Stock
2009-07-21−10,000→ 0 total
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of May 26. 2009, by and among the Issuer, Amber Holding Inc., a Delaware corporation, and Amber Acquisition Inc., a Delaware corporation and a wholly-owned subsidiary of Amber Holding Inc. (the "Merger Agreement"), pursuant to which each outstanding share of the Issuer's Common Stock was canceled and converted into the right to receive $4.85 in cash, without interest and less any applicable withholding tax.
- [F2]Pursuant to the Merger Agreement, each outstanding option, whether vested or unvested, was cancelled and converted into the right to receive an amount in cash, without interest, equal to the product of (x) the excess, if any, of (A) $4.85 less (B) the exercise price per share attributable to such option, multiplied by (y) the total number of shares issuable upon exercise in full of such option.
Documents
Issuer
SUMTOTAL SYSTEMS INC
CIK 0001269132
Entity typeother
Related Parties
1- filerCIK 0001449387
Filing Metadata
- Form type
- 4
- Filed
- Jul 21, 8:00 PM ET
- Accepted
- Jul 22, 3:59 PM ET
- Size
- 7.9 KB