Nash Michael Leslie 4
4 · Warner Music Group Corp. · Filed Jul 22, 2011
Insider Transaction Report
Form 4
Nash Michael Leslie
EVP, Digital Strategy &Biz Dev
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2011-07-20$1.91/sh−35,000$66,850→ 0 totalExercise: $6.34→ Common Stock, par value $0.001 (35,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2011-07-20$2.20/sh−100,000$220,000→ 0 totalExercise: $6.05→ Common Stock, par value $0.001 (100,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2011-07-20$2.05/sh−28,467$58,357→ 0 totalExercise: $6.20→ Common Stock, par value $0.001 (28,467 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.