Scarborough Clay E 4
4 · ADAM INC · Filed Feb 8, 2011
Insider Transaction Report
Form 4
ADAM INCADAM
Scarborough Clay E
Director
Transactions
- Disposition to Issuer
Common Stock
2011-02-07−10,726→ 0 total - Disposition to Issuer
Stock Options
2011-02-07$2.08/sh−12,000$24,960→ 0 totalExercise: $3.87From: 2011-03-22Exp: 2020-03-22→ Common Stock (12,000 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to merger agreement between issuer and Ebix, Inc. in exchange for 3,348 shares of Ebix, Inc. common stock having a market value of $23.96 per share on the effective date of the merger.
- [F2]This option was canceled in the merger in exchange for a cash payment of $24,960, representing the difference between the exercise price of the option and $5.95 per share.