Mathews Michael Robert 4
4 · DDI CORP · Filed Jun 1, 2012
Insider Transaction Report
Form 4
DDI CORPDDIC
Mathews Michael Robert
SVP Manufacturing Operations
Transactions
- Disposition to Issuer
Stock Options
2012-05-31$6.27/sh−30,000$188,100→ 0 totalExercise: $6.73Exp: 2017-02-26→ Common Stock (30,000 underlying) - Disposition to Issuer
Stock Options
2012-05-31$4.12/sh−50,000$206,000→ 0 totalExercise: $8.88Exp: 2021-05-17→ Common Stock (50,000 underlying) - Disposition to Issuer
Stock Options
2012-05-31$5.56/sh−30,000$166,800→ 0 totalExercise: $7.44Exp: 2016-02-28→ Common Stock (30,000 underlying) - Disposition to Issuer
Stock Options
2012-05-31$8.35/sh−35,000$292,250→ 0 totalExercise: $4.65Exp: 2020-01-14→ Common Stock (35,000 underlying) - Disposition to Issuer
Common Stock
2012-05-31$13.00/sh−34,721$451,373→ 0 total - Disposition to Issuer
Stock Options
2012-05-31$5.24/sh−38,095$199,618→ 0 totalExercise: $7.76Exp: 2016-10-17→ Common Stock (38,095 underlying)
Footnotes (2)
- [F1]Disposed of in a transaction exempt under Section 16(b) of the Securities Exchange Act of 1934, as amended, by virtue of Rule 16b-3(e) thereunder, pursuant to an Agreement and Plan of Merger, dated as of April 3, 2012 (the "Merger Agreement"), by and among DDi Corp. (the "Company"), Viasysetms Group, Inc. ("Parent"), and Victor Merger Sub Corp., a wholly-owned subsidiary of Parent ("Merger Sub"). Under the Merger Agreement, Merger Sub was merged with and into the Company (the "Merger"). At the effective time of the Merger, each issued and outstanding share of the Company's common stock, was cancelled and converted automatically into the right to receive $13.00 in cash (the "Merger Consideration").
- [F2]This option was cancelled at the effective time of the Merger, in a transaction exempt under Section 16(b) of the Securities Exchange Act of 1934, as amended, by virtue of Rule 16b-3(e) thereunder, in exchange for a cash payment equal to the product of (i) the excess of (x) the Merger Consideration over (y) the exercise price per share of the Common Stock subject to the option, and (ii) the aggregate number of shares of the Common Stock issuable upon exercise of the option.