Connolly John M 4
4 · EDGAR ONLINE INC · Filed Aug 16, 2012
Insider Transaction Report
Form 4
EDGAR ONLINE INCEDGR
Connolly John M
DirectorInterim CEO
Transactions
- Disposition to Issuer
Stock Option
2012-08-14−15,000→ 0 totalExercise: $1.32Exp: 2021-01-04→ Common Stock (15,000 underlying) - Disposition to Issuer
Stock Option
2012-08-14$0.13/sh−25,000$3,300→ 0 totalExercise: $0.96Exp: 2021-08-04→ Common Stock (25,000 underlying) - Disposition to Issuer
Common Stock
2012-08-14$1.09/sh−558,541$609,927→ 0 total
Footnotes (3)
- [F1]Pursuant to the terms of the Agreement and Plan of Merger, dated as of May 21, 2012 (the "Agreement"), by and among R.R. Donnelley & Sons Company, Leo Acquisition Sub, Inc., and the Issuer, on the effective date of the merger contemplated by the Agreement (the "Merger") each of these shares of common stock was automatically converted into the right to receive $1.092 (without interest).
- [F2]Pursuant to the terms of the Agreement, on the effective date of the Merger this option was cancelled in exchange for the right to receive a cash payment of $3,300.00, representing the excess of $1.092 (without interest) per underlying share of common stock over the $0.96 per share exercise price of the option, multiplied by the number of shares of common stock issuable upon the exercise of such option.
- [F3]Pursuant to the terms of the Agreement, on the effective date of the Merger this option was cancelled, as the $1.32 per share exercise price of the option exceeded $1.092 (without interest).