4//SEC Filing
BRENNAN JOHN J 4
Accession 0001181431-10-006744
CIK 0001013149other
Filed
Feb 3, 7:00 PM ET
Accepted
Feb 4, 5:07 PM ET
Size
16.0 KB
Accession
0001181431-10-006744
Insider Transaction Report
Form 4
ICT GROUP INCICTG
BRENNAN JOHN J
DirectorPresident and CEO10% Owner
Transactions
- Disposition to Issuer
Common Stock
2010-02-02$16.04/sh−651,123$10,444,013→ 0 total - Gift
Common Stock
2009-12-04−45,200→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2010-02-02−27,300→ 0 totalExercise: $16.90Exp: 2015-02-05→ Common Stock (27,300 underlying) - Disposition to Issuer
Common Stock
2010-02-02$15.38/sh−26,973$414,845→ 0 total - Disposition to Issuer
Common Stock
2010-02-02$16.04/sh−2,250,000$36,090,000→ 0 total(indirect: By Trust) - Disposition to Issuer
Restricted Stock Unit
2010-02-02−277,700→ 0 totalExercise: $0.00→ Common Stock (277,700 underlying)
Holdings
- 0(indirect: By Trust)
Common Stock
Footnotes (7)
- [F1]Represents the value received for shares disposed of pursuant to the terms of the merger agreement (the "Merger Agreement") between issuer and Sykes Enterprises, Incorporated ("Sykes") in exchange for the right to receive for each share of common stock $7.69 in cash (without interest) and 0.3423 of a share of Sykes common stock having a market value of $24.40 per share at the close of trading on the effective date of the merger.
- [F2]Represents restricted stock units ("RSUs") owned by the reporting person at the effective time of the merger. On prior Form 4 filings, these 26,973 RSUs were reported in Table I and combined with the shares of common stock held by the reporting person when reporting beneficial ownership in column 5.
- [F3]Pursuant to the terms of the Merger Agreement, at the effective time of the merger these RSUs became fully vested and were canceled in exchange for $15.38 in cash per unit.
- [F4]On December 4, 2009, the reporting person gifted 45,200 to a donor advised fund at the Vanguard Group.
- [F5]Held jointly with spouse.
- [F6]The Voting Trust Agreement automatically terminated upon the effective time of the merger and the shares held therein were released and disposed of pursuant to the Merger Agreement in exchange for $16.04, which represents the value of the right to receive for each share of common stock $7.69 in cash (without interest) and 0.3423 of a share of Sykes common stock having a market value of $24.40 per share at the close of trading on the effective date of the merger.
- [F7]Pursuant to the terms of the Merger Agreement, this option, which had an exercise price greater than the merger consideration of $15.38, was canceled without payment at the effective time of the merger.
Documents
Issuer
ICT GROUP INC
CIK 0001013149
Entity typeother
Related Parties
1- filerCIK 0001032248
Filing Metadata
- Form type
- 4
- Filed
- Feb 3, 7:00 PM ET
- Accepted
- Feb 4, 5:07 PM ET
- Size
- 16.0 KB