4//SEC Filing
MALONEY JOHN 4
Accession 0001181431-13-020549
CIK 0000778946other
Filed
Apr 2, 8:00 PM ET
Accepted
Apr 3, 4:18 PM ET
Size
7.6 KB
Accession
0001181431-13-020549
Insider Transaction Report
Form 4
MALONEY JOHN
Chief Executive Officer
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2013-04-02−100,000→ 0 totalExercise: $5.84From: 2008-10-09Exp: 2013-10-09→ Common Stock (100,000 underlying) - Disposition to Issuer
Common Stock
2013-04-02$10.00/sh−20,000$200,000→ 0 total
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]All shares of the issuer's Common Stock owned by the reporting person at the effective time of the merger were directly owned. The reporting person's most recent Form 4, filed on November 15, 2011, reported that the reporting person held 7,139 shares of the issuer's Common Stock indirectly through the issuer's 401(k) plan. All shares of the issuer's Common Stock held in the 401(k) plan were liquidated during November and December 2011 in connection with the plan administrator's decision to mandate the liquidation of those shares. The liquidation was not a volitional transaction on the part of the reporting person.
- [F3]This option was canceled in the merger in exchange for an aggregate cash payment of $416,000, 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.
Documents
Issuer
BLUEGREEN CORP
CIK 0000778946
Entity typeother
Related Parties
1- filerCIK 0001218509
Filing Metadata
- Form type
- 4
- Filed
- Apr 2, 8:00 PM ET
- Accepted
- Apr 3, 4:18 PM ET
- Size
- 7.6 KB