LEIGHTON A CLAY 4
4 · SONIC SOLUTIONS/CA/ · Filed Feb 16, 2011
Insider Transaction Report
Form 4
LEIGHTON A CLAY
Executive VP and COO
Transactions
- Tax Payment
Common Stock
2011-02-14$14.93/sh−11,674$174,293→ 13,326 total - Exercise/Conversion
Common Stock
2011-02-14+25,000→ 25,000 total - Exercise/Conversion
Restricted Stock Unit
2011-02-14−25,000→ 0 totalExercise: $0.00Exp: 2020-10-07→ Common Stock (25,000 underlying) - Disposition from Tender
Common Stock
2011-02-14$14.99/sh−226,775$3,399,357→ 0 total
Footnotes (3)
- [F1]This Form 4 is being filed to report the accelerated vesting of Restricted Stock Units ("RSUs") in conjunction with change of control terms between Sonic Solutions (the "Company") and reporting person. Each RSU represents a contingent right to receive one share of Company common stock. The RSU was originally granted on October 7, 2010. Vested shares will be delivered to the reporting person.
- [F2]Price represents February 14, 2011 value of aggregate tender offer consideration of 45% Rovi Corporation common stock and 55% cash. Final calculation of actual consideration has not yet been performed, and payment has not yet been received.
- [F3]Represents shares withheld to satisfy income tax obligations associated with the release of common stock to the reporting person upon the vesting of RSUs.