Cone Charles N III 4
4 · NETWORK ENGINES INC · Filed Sep 19, 2012
Insider Transaction Report
Form 4
Cone Charles N III
Sr. VP Sales and Marketing
Transactions
- Disposition to Issuer
Common Stock
2012-09-18$1.45/sh−118,000$171,100→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy
2012-09-18$0.07/sh−15,000$1,050→ 0 totalExercise: $1.38Exp: 2019-12-16→ Common Stock (15,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy
2012-09-18$0.47/sh−25,000$11,750→ 0 totalExercise: $0.98Exp: 2021-12-14→ Common Stock (25,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2012-09-18$1.06/sh−60,000$63,600→ 0 totalExercise: $0.39Exp: 2018-12-08→ Common Stock (60,000 underlying)
Footnotes (2)
- [F1]Each share of common stock was disposed of in exchange for a cash payment of $1.45 per share 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.
- [F2]This option, which provided for vesting in equal quarterly increments over a four year period, 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.