Bednar Dennis Alan 4
4 · BWAY Holding CO · Filed Jun 16, 2010
Insider Transaction Report
Form 4
Bednar Dennis Alan
EVP, Operations
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2010-06-16$1.44/sh−30,000$43,200→ 0 totalExercise: $18.56Exp: 2019-09-22→ Common Stock (30,000 underlying)
Footnotes (4)
- [F1]The option was to vest in three equal annual installments beginning September 22, 2010.The option became fully vested concurrent with the merger, which represented a change of control.
- [F2]The option was to vest in three equal annual installments beginning September 18, 2008. As of September 18, 2009, 2/3 of the option had vested. The remaining 1/3 of the option vested concurrent with the merger, which represented a change of control.
- [F3]Disposed of pursuant to an agreement and plan of merger among Picasso Parent Company, Inc., Picasso Merger Sub, Inc. and BWAY Holding Company, dated as of March 28, 2010.
- [F4]This option, which was fully vested, was canceled in the merger in exchange for a cash payment. The price shown represents the difference between the exercise price of the option and the merger consideration of $20.00 per share.