MIDAS INC 4
4 · MIDAS INC · Filed May 1, 2012
Insider Transaction Report
Form 4
MIDAS INCMDS
BINDLEY THOMAS L
Director
Transactions
- Disposition to Issuer
Option to Purchase Common Stock
2012-04-30$3.41/sh−2,000$6,820→ 0 totalExercise: $8.09From: 2008-05-08Exp: 2013-05-08→ Common Stock (2,000 underlying) - Disposition to Issuer
Common Stock, $0.001 par value
2012-04-30$11.50/sh−12,000$138,000→ 0 total - Disposition to Issuer
Option to Purchase Common Stock
2012-04-30$4.30/sh−2,000$8,600→ 0 totalExercise: $7.20From: 2007-11-07Exp: 2012-11-07→ Common Stock (2,000 underlying)
Footnotes (2)
- [F1]This option, which provided for vesting in five equal annual installments beginning May 8, 2004, was cancelled in the merger in exchange for a cash payment of $6,820, 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 five equal annual installments beginning November 7, 2003, was cancelled in the merger in exchange for a cash payment of $8,600, 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).