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4//SEC Filing

Harper Timothy J 4

Accession 0001181431-12-004666

CIK 0001004608other
View on SEC.govCompany Profile

Filed

Jan 30, 7:00 PM ET

Accepted

Jan 31, 3:57 PM ET

Size

39.4 KB

Accession

0001181431-12-004666

Insider Transaction Report

Form 4
Period: 2012-01-30
PINNACLE DATA SYSTEMS INCPNS
Harper Timothy J
Vice President
Transactions
  • Disposition to Issuer

    Stock option

    2012-01-30$0.60/sh−30,000$18,000→ 40,000 total
    Exercise: $0.60From: 2013-03-05Exp: 2020-03-05→ Common stock (30,000 underlying)
  • Disposition to Issuer

    Stock option

    2012-01-30$0.60/sh−40,000$24,000→ 0 total
    Exercise: $0.60From: 2014-03-05Exp: 2020-03-05→ Common stock (40,000 underlying)
  • Disposition to Issuer

    Stock option

    2012-01-30$1.00/sh−7,500$7,500→ 132,500 total
    Exercise: $1.00From: 2011-08-11Exp: 2018-08-11→ Common stock (7,500 underlying)
  • Disposition to Issuer

    Stock option

    2012-01-30$1.00/sh−2,500$2,500→ 145,000 total
    Exercise: $1.00From: 2009-08-11Exp: 2018-08-11→ Common stock (2,500 underlying)
  • Disposition to Issuer

    Stock option

    2012-01-30$1.45/sh−18,000$26,100→ 219,500 total
    Exercise: $1.45From: 2010-03-17Exp: 2018-03-17→ Common stock (18,000 underlying)
  • Disposition to Issuer

    Stock option

    2012-01-30$1.00/sh−5,000$5,000→ 140,000 total
    Exercise: $1.00From: 2010-08-11Exp: 2018-08-11→ Common stock (5,000 underlying)
  • Disposition to Issuer

    Common stock

    2012-01-30$2.40/sh−2,000$4,800→ 0 total
  • Disposition to Issuer

    Stock option

    2012-01-30$1.45/sh−10,000$14,500→ 237,500 total
    Exercise: $1.45From: 2009-03-17Exp: 2018-03-17→ Common stock (10,000 underlying)
  • Disposition to Issuer

    Stock option

    2012-01-30$1.45/sh−22,000$31,900→ 197,500 total
    Exercise: $1.45From: 2011-03-17Exp: 2018-03-17→ Common stock (22,000 underlying)
  • Disposition to Issuer

    Stock option

    2012-01-30$0.60/sh−20,000$12,000→ 70,000 total
    Exercise: $0.60From: 2012-03-05Exp: 2020-03-05→ Common stock (20,000 underlying)
Footnotes (2)
  • [F1]Pursuant to the Agreement and Plan of Merger, dated November 10, 2011 ("Merger Agreement") by and among Pinnacle Data Systems, Inc. (the "Company"), Avnet, Inc. ("Avnet") and AIR Acquisition Corp., a wholly-owned subsidiary of Avnet ("Merger Sub"), on January 30, 2012, Merger Sub merged with and into the Company (the "Merger"), and effective upon the consummation of the Merger each share of common stock of the Company that was issued and outstanding as of immediately prior to the effective time of the Merger was converted into the right to receive $2.40 in cash, without interest.
  • [F2]Pursuant to the Merger Agreement, each issued and outstanding option to purchase shares of Company common stock was vested in full as of immediately prior to the Merger, and each holder of an option has the right to receive an amount in cash equal to the excess, if any, of $2.40 (without interest) over the exercise price per share of such option.

Documents

1 file

Issuer

PINNACLE DATA SYSTEMS INC

CIK 0001004608

→
Entity typeother

Related Parties

1
  • filerCIK 0001419352

Filing Metadata

Form type
4
Filed
Jan 30, 7:00 PM ET
Accepted
Jan 31, 3:57 PM ET
Size
39.4 KB
View on SEC.gov