4//SEC Filing
Virgin Mobile USA, Inc. 4
Accession 0001181431-09-053632
CIK 0001396546operating
Filed
Nov 23, 7:00 PM ET
Accepted
Nov 24, 8:55 PM ET
Size
11.5 KB
Accession
0001181431-09-053632
Insider Transaction Report
Form 4
SCHULMAN DANIEL H
DirectorChief Executive Officer
Transactions
- Award
Class A Common Stock
2009-02-23+900,000→ 1,300,039 total - Disposition to Issuer
Option to Purchase Class A Common Stock (right to buy)
2009-11-24−1,066,973→ 0 totalExercise: $8.79From: 2005-09-27Exp: 2012-09-27→ Class A Common Stock (1,066,973 underlying) - Disposition to Issuer
Option to Purchase Class A Common Stock (right to buy)
2009-11-24−900,000→ 0 totalExercise: $1.06Exp: 2018-11-12→ Class A Common Stock (900,000 underlying) - Disposition to Issuer
Class A Common Stock
2009-11-24−1,300,039→ 0 total
Footnotes (4)
- [F1]Represents a grant of 900,000 restricted stock units which vest 1/3 each on 1/1/2010, 1/1/2011 and 1/1/2012.
- [F2]Pursuant to the Merger Agreement dated July 27, 2009 among the Issuer, Sprint Nextel Corporation ("Sprint"), and Sprint Mozart, Inc., each of these shares or restricted stock units was cancelled at the effective time of the merger and converted into the right to receive, as applicable, 1.3668 shares of Sprint stock or 1.3668 restricted stock units of Sprint with vesting terms substantially similar to the restricted stock units of the Issuer being cancelled. On the effective date of the merger, the market value of Sprint stock was $3.75 per share.
- [F3]This stock option which provided for vesting in three equal annual installments of 300,000 on 1/1/2010, 1/1/2011 and 1/1/2012, was assumed by Sprint in the merger and replaced with an option to purchase 1,230,120 shares of Sprint stock for $0.78 per share vesting in three equal annual installments of 410,040 on 1/1/2010, 1/1/2011 and 1/1/2012.
- [F4]This stock option was cancelled in the merger in exchange for no consideration.
Documents
Issuer
Virgin Mobile USA, Inc.
CIK 0001396546
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001396546
Filing Metadata
- Form type
- 4
- Filed
- Nov 23, 7:00 PM ET
- Accepted
- Nov 24, 8:55 PM ET
- Size
- 11.5 KB