SEVELL ARNOLD 4
4 · BLUEGREEN CORP · Filed Apr 3, 2013
Insider Transaction Report
Form 4
SEVELL ARNOLD
Director
Transactions
- Disposition to Issuer
Common Stock
2013-04-02$10.00/sh−6,000$60,000→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2013-04-02−18,448→ 0 totalExercise: $6.09From: 2008-07-01Exp: 2018-07-01→ Common Stock (18,448 underlying) - Disposition to Issuer
Stock Option (right to buy)
2013-04-02−28,919→ 0 totalExercise: $2.75From: 2009-07-22Exp: 2019-07-22→ Common Stock (28,919 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to merger agreement between the issuer, BFC Financial Corporation, Woodbridge Holdings, LLC and BXG Florida Corporation in exchange for a cash payment of $10 per share.
- [F2]This option was canceled in the merger in exchange for an aggregate cash payment of $72,131.68, representing the difference between the $10 per share merger consideration and the exercise price of the option, multiplied by the number of shares subject to the option.
- [F3]This option was canceled in the merger in exchange for an aggregate cash payment of $209,662.75, representing the difference between the $10 per share merger consideration and the exercise price of the option, multiplied by the number of shares subject to the option.