4//SEC Filing
TELULAR CORP 4
Accession 0001181431-13-036411
CIK 0000915324operating
Filed
Jun 23, 8:00 PM ET
Accepted
Jun 24, 2:27 PM ET
Size
14.0 KB
Accession
0001181431-13-036411
Insider Transaction Report
Form 4
TELULAR CORPWRLS
Beatty Joseph
Chief Executive Officer
Transactions
- Disposition to Issuer
Stock Options (right to buy)
2013-06-24$4.86/sh−26,000$126,360→ 155,100 totalExercise: $4.86Exp: 2016-02-02→ Common Stock (26,000 underlying) - Disposition to Issuer
Stock Options (right to buy)
2013-06-24$9.60/sh−108,700$1,043,520→ 0 totalExercise: $9.60Exp: 2018-12-10→ Common Stock (108,700 underlying) - Disposition from Tender
Common Stock
2013-06-24$12.61/sh−64,676$815,564→ 0 total - Disposition to Issuer
Stock Options (right to buy)
2013-06-24$6.00/sh−46,400$278,400→ 108,700 totalExercise: $6.00Exp: 2017-11-08→ Common Stock (46,400 underlying) - Disposition to Issuer
Restricted Stock Units
2013-06-24−56,080→ 0 total→ Common Stock (56,080 underlying)
Footnotes (5)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger dated April 29, 2013 between Telular Corporation, ACP Tower Holdings,LLC and ACP Tower Merger Sub, Inc. The Reporting Person will receive the difference between $12.61 and the exercise price per option.
- [F2]These options were vested 1/6 on the six month anniversary of the grant date, 02/02/2010, then 1/36 each month thereafter through 02/02/2013.
- [F3]These options were vested 1/6 on the six month anniversary of the grant date, 11/08/2011, then 1/36 each month thereafter through 11/08/2014.
- [F4]These options were vested 1/6 on the six month anniversary of the grant date, 12/10/2012, then 1/36 each month thereafter through 12/10/2015.
- [F5]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Telular common stock. These RSUs were granted to the Reporting Person pursuant to achieving fiscal years 2011 and 2012 performance measurements and a grant in fiscal year 2013 for performance measurments not yet achieved. Pursuant to the Agreement and Plan of Merger, all RSUs, earned and unearned, will be canceled and converted into rights to receive, in cash, $12.61 per unit. Unearned performance-based RSUs vested at target levels in accordance with the Agreement and Plan of Merger.
Documents
Issuer
TELULAR CORP
CIK 0000915324
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000915324
Filing Metadata
- Form type
- 4
- Filed
- Jun 23, 8:00 PM ET
- Accepted
- Jun 24, 2:27 PM ET
- Size
- 14.0 KB