Cornell Lance 4
4 · TRANSCEND SERVICES INC · Filed Apr 27, 2012
Insider Transaction Report
Form 4
CORNELL LANCE
Chief Financial Officer
Transactions
- Disposition from Tender
Common Stock, Par Value $.05
2012-04-26$29.50/sh−126,478$3,731,101→ 0 total - Disposition to Issuer
Stock Option Right to Buy)
2012-04-26−2,198→ 0 totalExercise: $11.75Exp: 2018-07-29→ Common Stock, Par Value $.05 (2,198 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2012-04-26−6,208→ 0 totalExercise: $11.75Exp: 2018-07-29→ Common Stock, Par Value $.05 (6,208 underlying) - Disposition from Tender
Common Stock, Par Value $.05
2012-04-26$29.50/sh−1,000$29,500→ 0 total(indirect: By Spouse) - Disposition to Issuer
Stock Option (Right to Buy)
2012-04-26−15,000→ 0 totalExercise: $11.06Exp: 2018-11-01→ Common Stock, Par Value $.05 (15,000 underlying)
Footnotes (1)
- [F1]All options of the reporting person that had previously vested or were unvested were cancelled in exchange for a cash payment, pursuant to an Agreement and Plan of Merger, dated March 6, 2012, by and among Transcend Services, Inc., Nuance Communications, Inc. and Townsend Merger Corporation