Richter David J 4
4 · SONIC SOLUTIONS/CA/ · Filed Feb 16, 2011
Insider Transaction Report
Form 4
Richter David J
Exec. VP, Corp. Development
Transactions
- Disposition from Tender
Common Stock
2011-02-14$14.99/sh−46,324$694,397→ 0 total - Exercise/Conversion
Common Stock
2011-02-14+25,000→ 25,000 total - Tax Payment
Common Stock
2011-02-14$14.93/sh−9,176$136,998→ 15,824 total - Exercise/Conversion
Restricted Stock Units
2011-02-14−25,000→ 0 totalExercise: $0.00Exp: 2020-10-07→ Common Stock (25,000 underlying)
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]Represents shares withheld to satisfy income tax obligations associated with the release of common stock to the reporting person upon the vesting of RSUs.
- [F3]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.