Strang Cameron 4
4 · Warner Music Group Corp. · Filed Jul 22, 2011
Insider Transaction Report
Form 4
Strang Cameron
CEO, Warner/Chappell
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2011-07-20$3.06/sh−400,000$1,224,000→ 0 totalExercise: $5.19→ Common Stock, par value $0.001 (400,000 underlying)
Footnotes (2)
- [F1]Disposition in connection with the merger (the "Merger") of Airplanes Merger Sub, Inc. with and into Warner Music Group Corp., exempt pursuant to Rule 16-3, in which all options were cancelled in exchange for a cash payment equal to the excess, if any, of $8.25 over the exercise price.
- [F2]All options became vested and were cancelled upon consummation of the Merger.