4//SEC Filing
BRYANT DOUGLAS D 4
Accession 0001181431-12-051198
CIK 0001110903other
Filed
Sep 18, 8:00 PM ET
Accepted
Sep 19, 11:54 AM ET
Size
15.5 KB
Accession
0001181431-12-051198
Insider Transaction Report
Form 4
BRYANT DOUGLAS D
Chief Financial Officer
Transactions
- Disposition to Issuer
Employee Stock Option
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$1.06/sh−60,938$64,594→ 0 totalExercise: $0.39Exp: 2018-12-08→ Common Stock (60,938 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$0.53/sh−75,000$39,750→ 0 totalExercise: $0.92Exp: 2012-10-08→ Common Stock (75,000 underlying) - Disposition to Issuer
Common Stock
2012-09-18$1.45/sh−44,168$64,044→ 0 total - Disposition to Issuer
Common Stock
2012-09-18$1.45/sh−4,998$7,247→ 0 total
Footnotes (6)
- [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]Does not include shares held in trust for Mr Bryant's children or shares held by Mr Bryant's ex-spouse.
- [F3]This option, which was fully vested, 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.
- [F4]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.
- [F5]Comprised of shares held in trust for the benefit of Mr. Bryant's children. Mr. Bryant disclaims beneficial ownership of such shares.
- [F6]Mr. Bryant's former spouse is entitled to the payment in respect of 30,938 shares that are subject to this option, per the terms of the property settlement agreement between Mr. Bryant and his former spouse. Mr. Bryant disclaims beneficial ownership of those options to which his former spouse is entitled to receive payment.
Documents
Issuer
NETWORK ENGINES INC
CIK 0001110903
Entity typeother
Related Parties
1- filerCIK 0001197493
Filing Metadata
- Form type
- 4
- Filed
- Sep 18, 8:00 PM ET
- Accepted
- Sep 19, 11:54 AM ET
- Size
- 15.5 KB