PERVASIVE SOFTWARE INC 4
4 · PERVASIVE SOFTWARE INC · Filed Apr 11, 2013
Insider Transaction Report
Form 4
HAWN JEFF
Director
Transactions
- Disposition to Issuer
Common Stock
2013-04-11$9.20/sh−140,000$1,288,000→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2013-04-11$1.64/sh−10,000$16,400→ 0 totalExercise: $7.56Exp: 2013-12-03→ Common Stock (10,000 underlying)
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger, dated January 28, 2013, by and among the issuer, Actian Corporation and Actian Sub II, Inc. (the "Merger Agreement"), at the effective time of the merger, all shares of the issuer's Common Stock that were outstanding immediately prior to the effective time were cancelled and converted into the right to receive an amount in cash, without interest and subject to applicable withholding for taxes, equal to $9.20 per share.
- [F2]Pursuant to the Merger Agreement, at the effective time of the merger, the option was cancelled and converted into the right to receive an amount in cash, without interest and subject to applicable withholding for taxes, equal to the product of (x) the excess, if any, of (A) $9.20, less (B) the exercise price per share attributable to such option, multiplied by (y) the total number of shares of the issuer's Common Stock issuable upon exercise in full of such option.