US HOME SYSTEMS INC 4
4 · US HOME SYSTEMS INC · Filed Oct 29, 2012
Insider Transaction Report
Form 4
JOBE LARRY A
Director
Transactions
- Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2012-10-26$7.37/sh−2,000$14,740→ 0 totalExercise: $5.13Exp: 2021-06-07→ Common Stock (2,000 underlying) - Disposition to Issuer
Common Stock
2012-10-26$12.50/sh−70,684$883,550→ 0 total
Footnotes (2)
- [F1]Disposed of pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement") dated as of August 6, 2012 by and among U.S. Home Systems, Inc. (the "Company"), THD At-Home Services, Inc., and Umpire Acquisition Corp. in exchange for a payment of $12.50 per share in cash, without interest and less the amount of any required tax withholding.
- [F2]This option was canceled pursuant to the Merger Agreement in exchange for a payment in cash, without interest and less the amount of any required tax withholding, equal to the product of: (i) the excess of $12.50 (the per share merger consideration pursuant to the Merger Agreement) over the exercise price of the option; and (ii) the number of shares of Company common stock underlying the option.