SCHWARTZ LARRY 4
4 · NAVISITE INC · Filed Apr 25, 2011
Insider Transaction Report
Form 4
NAVISITE INCNAVI
SCHWARTZ LARRY
Director
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2011-04-21−15,000→ 0 totalExercise: $1.25Exp: 2015-12-08→ Common Stock (15,000 underlying) - Disposition to Issuer
Common Stock
2011-04-21−63,000→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2011-04-21−15,000→ 0 totalExercise: $4.82Exp: 2016-12-12→ Common Stock (15,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2011-04-21−10,000→ 0 totalExercise: $8.40Exp: 2013-12-09→ Common Stock (10,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2011-04-21−50,000→ 0 totalExercise: $2.55Exp: 2013-04-03→ Common Stock (50,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2011-04-21−25,000→ 0 totalExercise: $2.38Exp: 2014-12-09→ Common Stock (25,000 underlying)
Footnotes (3)
- [F1]In connection with the closing of the merger, pursuant to the Merger Agreement among Time Warner Cable Inc., Avatar Merger Sub Inc. and the Issuer dated February 1, 2011, each share of Issuer common stock was exchanged for $5.50 in cash.
- [F2]Pursuant to the Merger Agreement, the option was cancelled in exchange for a cash payment of $5.50 per share minus the exercise price of the option per share.
- [F3]This option was cancelled upon closing of the merger without cash payment because the per share exercise price of such option was greater than $5.50.