Norman Mark D 4
4 · ZIPCAR INC · Filed Mar 18, 2013
Insider Transaction Report
Form 4
ZIPCAR INCZIP
Norman Mark D
President and COO
Transactions
- Disposition to Issuer
Common Stock
2013-03-14$12.25/sh−109,242$1,338,215→ 0 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2013-03-14$7.75/sh−369,507$2,863,679→ 0 totalExercise: $4.50Exp: 2017-11-01→ Common Stock (369,507 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2013-03-14$3.51/sh−37,501$131,629→ 0 totalExercise: $8.74Exp: 2020-02-25→ Common Stock (37,501 underlying)
Footnotes (2)
- [F1]Each share of common stock was disposed of in exchange for a cash payment of $12.25 per share upon consummation of the merger (the "Merger") contemplated by that certain Agreement and Plan of Merger, dated December 31, 2012, by and among Avis Budget Group, Inc., Millennium Acquisition Sub, Inc. and Zipcar, Inc.
- [F2]Prior to the effective time of the Merger, all outstanding options were accelerated, became fully vested and were cancelled in exchange for a cash payment equal to the product of (i) $12.25 less the exercise price per share of the option multiplied by (ii) the total number of shares underlying the option.