4//SEC Filing
FONTAINE JAMES A 4
Accession 0001181431-10-058947
CIK 0001108058other
Filed
Dec 1, 7:00 PM ET
Accepted
Dec 2, 7:13 PM ET
Size
10.4 KB
Accession
0001181431-10-058947
Insider Transaction Report
Form 4
MICROTUNE INCTUNE
FONTAINE JAMES A
DirectorCEO & President
Transactions
- Disposition to Issuer
Restricted Stock Units
2010-11-30−402,561→ 0 total→ Common Stock (402,561 underlying) - Disposition to Issuer
Stock Options (right to buy)
2010-11-30−827,183→ 0 total→ Common Stock (827,183 underlying) - Disposition to Issuer
Common Stock
2010-11-30$2.92/sh−138,176$403,474→ 0 total
Footnotes (7)
- [F1]Includes 15,633 shares of common stock outstanding held by JSCJ Ventures, Ltd., of which Mr. Fontaine is the general partner.
- [F2]Disposed of pursuant to the Agreement and Plan of Merger between Issuer, Zoran Corporation ("Zoran") and Maple Acquisition Corp. dated September 7, 2010 (the "Merger Agreement"), in exchange for $2.92 per share in cash.
- [F3]Each restricted stock unit represents a contingent right to receive one share of Microtune common stock.
- [F4]In lieu of the assumption of the RSUs held by such executive officer, such executive officer agreed to forfeit his unvested performance-vesting RSUs otherwise scheduled to vest in 2011 and instead receive a cash payment equal to the maximum potential bonus under the 2010 Incentive Compensation program, pro-rated through the closing of the Merger and (ii) to receive cash payments of $2.92 per RSU in lieu of vesting and settlement of their time-vested RSUs scheduled to vest in 2011, payable on the later of the closing of the Merger or May 15, 2011.
- [F5]Pursuant to the Merger Agreement, the options vested in full immediately prior to the effectiveness of the merger.
- [F6]Pursuant to the Merger Agreement, the stock options were cancelled upon the effectiveness of the merger in exchange for a cash payment equivalent to $81,399.78 which represents the excess of $2.92 over the per share exercise price of the stock options.
- [F7]Please see the Issuer's latest proxy statement.
Documents
Issuer
MICROTUNE INC
CIK 0001108058
Entity typeother
Related Parties
1- filerCIK 0001254724
Filing Metadata
- Form type
- 4
- Filed
- Dec 1, 7:00 PM ET
- Accepted
- Dec 2, 7:13 PM ET
- Size
- 10.4 KB