HYPERCOM CORP 4
4 · HYPERCOM CORP · Filed Aug 8, 2011
Insider Transaction Report
Form 4
Transactions
- Tax Payment
Common Stock
2011-08-04$8.56/sh−9,465$81,020→ 30,802 total - Disposition to Issuer
Common Stock
2011-08-04−30,802→ 0 total - Disposition to Issuer
Employee Stock Option
2011-08-04−200,000→ 0 totalExercise: $1.15From: 2010-05-15Exp: 2019-05-15→ Common Stock (200,000 underlying) - Disposition to Issuer
Employee Stock Option
2011-08-04−112,500→ 0 totalExercise: $4.58From: 2011-05-17Exp: 2020-05-17→ Common Stock (112,500 underlying)
Footnotes (3)
- [F1]Represents shares of common stock withheld to cover the reporting person's tax obligations with respect to the vesting of a portion of the shares of restricted stock granted to the reporting person on May 17, 2010.
- [F2]Disposed of pursuant to the Agreement and Plan of Merger by and among the issuer, VeriFone Systems, Inc. ("VeriFone") and Honey Acquisition Co. (the "Merger Agreement"). For each share of Hypercom common stock , the reporting person received 0.23 shares of VeriFone common stock having a market value of $40.99 per share on the effective date of the merger.
- [F3]The stock options were assumed by VeriFone in the merger. Each stock option was converted into the right to purchase 0.23 of a share of VeriFone common stock, with a corresponding adjustment to the exercise price.