ZIPCAR INC 4
4 · ZIPCAR INC · Filed Mar 18, 2013
Insider Transaction Report
Form 4
ZIPCAR INCZIP
GILLIGAN EDWARD P
Director
Transactions
- Disposition to Issuer
Employee Stock Option (Right to Buy)
2013-03-14$1.50/sh−35,074$52,611→ 0 totalExercise: $10.75Exp: 2022-05-31→ Common Stock (35,074 underlying)
Footnotes (1)
- [F1]Prior to the effective time 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., 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.