TELULAR CORP 4
4 · TELULAR CORP · Filed Jun 24, 2013
Insider Transaction Report
Form 4
TELULAR CORPWRLS
Popplewell Henry J.
Senior VP /GM of SkyBitz
Transactions
- Disposition from Tender
Common Stock
2013-06-24$12.61/sh−1,274$16,065→ 0 total - Disposition to Issuer
Stock Options (right to buy)
2013-06-24$9.60/sh−39,600$380,160→ 0 totalExercise: $9.60Exp: 2018-12-10→ Common Stock (39,600 underlying) - Disposition to Issuer
Restricted Stock Units
2013-06-24−14,380→ 0 total→ Common Stock (14,380 underlying)
Footnotes (3)
- [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 respective exercise price per option.
- [F2]There 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.
- [F3]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 year 2012 performance measurements and a grant in fiscal year 2013 for performance measurements 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.