JONES JANICE ANN 4
4 · ICT GROUP INC · Filed Feb 4, 2010
Insider Transaction Report
Form 4
ICT GROUP INCICTG
JONES JANICE ANN
Sr. V.P. Corporate Support Svc
Transactions
- Disposition to Issuer
Common Stock
2010-02-02$15.38/sh−7,250$111,505→ 0 total - Disposition to Issuer
Common Stock
2010-02-02$16.04/sh−272$4,363→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2010-02-02−1,400→ 0 totalExercise: $16.90Exp: 2012-02-05→ Common Stock (1,400 underlying)
Footnotes (4)
- [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 effect time of the merger. On prior Form 4 filings, all 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]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.