4//SEC Filing
INSPIRE PHARMACEUTICALS INC 4
Accession 0001181431-11-030149
CIK 0001040416operating
Filed
May 15, 8:00 PM ET
Accepted
May 16, 5:50 PM ET
Size
18.1 KB
Accession
0001181431-11-030149
Insider Transaction Report
Form 4
LEFF JONATHAN S
Director
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2011-05-13−10,164→ 0 totalExercise: $5.82Exp: 2017-06-02→ Common Stock (10,164 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2011-05-13−30,000→ 0 totalExercise: $5.05Exp: 2016-06-04→ Common Stock (30,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2011-05-13−30,000→ 0 totalExercise: $5.00Exp: 2015-06-09→ Common Stock (30,000 underlying) - Disposition to Issuer
Restricted Stock Unit
2011-05-13−6,873→ 0 total→ Common Stock (6,873 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2011-05-13−50,000→ 0 totalExercise: $5.95Exp: 2014-07-19→ Common Stock (50,000 underlying) - Disposition from Tender
Common Stock
2011-05-13$5.00/sh−22,907,488$114,537,440→ 0 total(indirect: See Footnote 1)
Footnotes (3)
- [F1]See Exhibit 99.1.
- [F2]These stock options were cancelled in accordance with the terms and conditions of the Agreement and Plan of Merger, dated as of April 5, 2011, by and among, Merck & Co., Inc., Monarch Transaction Corp. and Inspire Pharmaceuticals, Inc. (the "Merger Agreement"). As the exercise price of the options was at or above $5.00, no cash payment was provided.
- [F3]Pursuant to the Merger Agreement, these restricted stock units ("RSUs"), whether or not vested, were fully vested immediately prior to and cancelled immediately following the acceptance time under the Merger Agreement in exchange for the right to receive cash payment for each such RSU of $5.00, net to the seller in cash, without interest and less any required withholding taxes.
Documents
Issuer
INSPIRE PHARMACEUTICALS INC
CIK 0001040416
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001040416
Filing Metadata
- Form type
- 4
- Filed
- May 15, 8:00 PM ET
- Accepted
- May 16, 5:50 PM ET
- Size
- 18.1 KB