HEDRICK NANCY K 4
4 · Computer Software Innovations, Inc. · Filed Nov 8, 2012
Insider Transaction Report
Form 4
HEDRICK NANCY K
DirectorPresident and CEO
Transactions
- Disposition to Issuer
Employee Stock Option (Right to Buy)
2012-11-08$0.40/sh−50,000$20,000→ 0 totalExercise: $0.70Exp: 2019-04-17→ Common Stock (50,000 underlying) - Disposition from Tender
Common Stock
2012-11-07$1.10/sh−546,625$601,288→ 0 total
Footnotes (1)
- [F1]This option was cancelled pursuant to the Stock Option Cancellation Agreement between the Company and Ms. Hedrick as required by the Agreement and Plan of Merger, in exchange for a cash payment equal to the number of shares underlying such option multiplied by the difference between the exercise price of the option and the per share price of $1.10.