PALM INC 4
4 · PALM INC · Filed Jul 6, 2010
Insider Transaction Report
Form 4
PALM INCPALM
Kathleen C. Mitic
SVP Product Marketing
Transactions
- Disposition to Issuer
Common Stock
2010-07-01−273,051→ 0 total
Footnotes (1)
- [F1]Pursuant to the terms of the merger agreement dated April 28, 2010 between Palm and Hewlett-Packard Company, in connection with the merger that became effective on July 1, 2010, each outstanding share and vested equity award of Palm, Inc. was cancelled in exchange for the right to receive a cash payment representing the price paid to the Company's common stockholders ($5.70 per share) less, in the case of stock options, the exercise price of the option, and each unvested equity award was converted into a substantially similar Hewlett-Packard equity award, with the number of shares and, in the case of stock options, exercise price determined pursuant to the terms of the merger agreement. Stock options with a per share exercise price of $5.70 or greater were cancelled for no value received. The Common Stock reported in Table I includes both restricted stock units and shares, including shares acquired in March and June 2010 under the Company's ESPP in transactions exempt from Section 16.