Adams Mark B 4
4 · ADAM INC · Filed Feb 8, 2011
Insider Transaction Report
Form 4
ADAM INCADAM
Adams Mark B
DirectorChief Executive Officer
Transactions
- Disposition to Issuer
Stock Options
2011-02-07$2.95/sh−26,666$78,665→ 0 totalExercise: $3.00Exp: 2019-05-30→ Common Stock (26,666 underlying) - Sale
Common Stock
2010-12-08$6.53/sh−2,000$13,060→ 0 total - Disposition to Issuer
Stock Options
2011-02-07$2.08/sh−132,000$274,560→ 0 totalExercise: $3.87Exp: 2020-03-22→ Common Stock (132,000 underlying)
Footnotes (2)
- [F1]This option, which provided for vesting in three equal annual installments beginning May 30, 2009, was canceled in the merger between the issuer and Ebix, Inc. in exchange for a cash payment of $78,664.70, representing the difference between the exercise price of the option and $5.95 per share.
- [F2]This option, which provided for vesting in three equal annual installments beginning March 22, 2010, was canceled in the merger in exchange for a cash payment of $274,560, representing the difference between the exercise price of the option and $5.95 per share.