Foley Charles A 4
4 · NETWORK ENGINES INC · Filed Sep 19, 2012
Insider Transaction Report
Form 4
Foley Charles A
Director
Transactions
- Disposition to Issuer
Director Stock Option (right to buy)
2012-09-18$0.02/sh−15,000$300→ 0 totalExercise: $1.43Exp: 2022-03-14→ Common Stock (15,000 underlying) - Disposition to Issuer
Director Stock Option (right to buy)
2012-09-18$1.07/sh−15,000$16,050→ 0 totalExercise: $0.38Exp: 2019-03-11→ Common Stock (15,000 underlying)
Footnotes (2)
- [F1]This option, which was fully vested, was cancelled upon consummation of the merger ("Merger") contemplated by that certain Agreement and Plan of Merger dated as of June 18, 2012 by and among Network Engines, Inc., Unicom Systems, Inc. and Unicom Sub Two, Inc. in exchange for a cash payment equal to the product of (i) $1.45 less the exercise price per share of the option multiplied by (ii) the total number of shares underlying the option.
- [F2]This option, which provided for vesting upon the earlier of (i) one year or (ii) the date of the next Annual Meeting of Stockholders, was cancelled in the Merger in exchange for a cash payment equal to the product of (i) $1.45 less the exercise price per share of the option multiplied by (ii) the total number of shares underlying the option.