Gould Michael J. 4
4 · MIDAS INC · Filed May 1, 2012
Insider Transaction Report
Form 4
MIDAS INCMDS
Gould Michael J.
Sr. V.P., Franchise Operations
Transactions
- Disposition to Issuer
Option to Purchase Common Stock
2012-04-30$3.98/sh−5,881$23,406→ 0 totalExercise: $7.52From: 2012-09-09Exp: 2020-09-09→ Common Stock (5,881 underlying) - Disposition to Issuer
Option to Purchase Common Stock
2012-04-30$1.63/sh−20,000$32,600→ 0 totalExercise: $9.87From: 2013-05-12Exp: 2019-05-12→ Common Stock (20,000 underlying) - Disposition to Issuer
Option to Purchase Common Stock
2012-04-30$4.45/sh−21,600$96,120→ 0 totalExercise: $7.05From: 2015-05-10Exp: 2021-05-10→ Common Stock (21,600 underlying)
Footnotes (3)
- [F1]This option, which provided for vesting in four equal annual installments beginning May 10, 2012, was cancelled in the merger in exchange for a cash payment of $96,120, representing the difference between the exercise price of the option and the market value of the underlying MDS common stock on the effective date of the merger ($11.50 per share).
- [F2]This option, which provided for vesting in two equal annual installments beginning September 9, 2011, was cancelled in the merger in exchange for a cash payment of $23,406.38, representing the difference between the exercise price of the option and the market value of the underlying MDS common stock on the effective date of the merger ($11.50 per share).
- [F3]This option, which provided for vesting in four equal annual installments beginning May 12, 2010, was cancelled in the merger in exchange for a cash payment of $32,600, representing the difference between the exercise price of the option and the market value of the underlying MDS common stock on the effective date of the merger ($11.50 per share).