Norris Paul F 4
4 · SONIC SOLUTIONS/CA/ · Filed Feb 16, 2011
Insider Transaction Report
Form 4
Norris Paul F
EVP, CFO, Gen. Counsel
Transactions
- Tax Payment
Common Stock
2011-02-14$14.93/sh−11,668$174,203→ 13,332 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−129,561$1,942,119→ 0 total - Exercise/Conversion
Common Stock
2011-02-14+25,000→ 25,000 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 the 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.