ADC TELECOMMUNICATIONS INC 4

Accession 0001181431-10-060446

CIK 0000061478operating

Filed

Dec 8, 7:00 PM ET

Accepted

Dec 9, 1:07 PM ET

Size

25.0 KB

Accession

0001181431-10-060446

Form 4

Period: 2010-12-08

Director

Transactions

Disposition to Issuer
Director Option (Right to Buy)
2010-12-08−2,770→ 0 total
Exercise: $24.18Exp: 2016-03-08→ Common Stock (2,770 underlying)
Disposition to Issuer
Common Stock
2010-12-08$12.75/sh−20,000$255,000→ 0 total
Disposition to Issuer
Director Option (Right to Buy)
2010-12-08−3,571→ 0 total
Exercise: $20.44Exp: 2014-03-03→ Common Stock (3,571 underlying)
Disposition to Issuer
Director Option (Right to Buy)
2010-12-08−297→ 0 total
Exercise: $15.68Exp: 2013-03-05→ Common Stock (297 underlying)
Disposition to Issuer
Director Option (Right to Buy)
2010-12-08−5,714→ 0 total
Exercise: $15.26Exp: 2013-02-03→ Common Stock (5,714 underlying)
Disposition to Issuer
Director Option (Right to Buy)
2010-12-08−4,112→ 0 total
Exercise: $16.29Exp: 2014-03-07→ Common Stock (4,112 underlying)
Disposition to Issuer
Director Option (Right to Buy)
2010-12-08−4,100→ 0 total
Exercise: $16.17Exp: 2015-03-02→ Common Stock (4,100 underlying)
Disposition to Issuer
Restricted Stock Units (2-10)
2010-12-08$12.75/sh−10,687$136,259→ 0 total
→ Common Stock (10,687 underlying)
Disposition to Issuer
Restricted Stock Units
2010-12-08$12.75/sh−34,550$440,513→ 0 total
→ Common Stock (34,550 underlying)
Disposition to Issuer
Convertible Notes Due 2013
2010-12-08→ 0 total
Exercise: $28.09Exp: 2013-06-15→ Cash

Footnotes (5)

[F1]In connection with the acquisition of the Company by a wholly owned subsidiary of Tyco Electronics Ltd. ("TE") on December 8, 2010 (the "Acquisition") pursuant to an agreement and plan of merger dated July 12, 2010, as amended July 24, 2010 (the "Merger Agreement"), these shares of Company common stock were canceled and automatically converted into the right to receive $12.75 per share in cash, without interest and less any applicable withholding taxes.
[F2]In connection with the Acquisition, this option vested in accordance with the terms of its applicable option award agreement, was assumed by TE and replaced with an option to purchase a number of shares of TE common stock equal to the number of shares of Company common stock based on a formula set forth in the Merger Agreement.
[F3]Settled one-for-one in shares of Company common stock.
[F4]In connection with the Acquisition, these restricted stock units were canceled in exchange for the right to receive an amount equal to the total number of shares of common stock represented by such restricted stock units at target multiplied by $12.75 per share, less any applicable withholding taxes.
[F5]The reporting person holds variable rate convertible unsecured subordinated notes of the Company with a face value of $50,000, which were purchased at a price of $24,250 (48.5% of face value). In connection with the Acquisition, the notes are no longer convertible into Company common stock.

Documents

1 file

ADC TELECOMMUNICATIONS INC

CIK 0000061478

Entity typeoperating

IncorporatedMN