TELULAR CORP 4
4 · TELULAR CORP · Filed Jun 24, 2013
Insider Transaction Report
Form 4
TELULAR CORPWRLS
Brody George
Sr VP GM Terminal Segment
Transactions
- Disposition from Tender
Common Stock
2013-06-24$12.61/sh−62,020$782,072→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2013-06-24$1.49/sh−40,000$59,600→ 114,400 totalExercise: $1.49Exp: 2014-09-30→ Common Stock (40,000 underlying) - Disposition to Issuer
Stock Options (right to buy)
2013-06-24$3.95/sh−40,000$158,000→ 154,400 totalExercise: $3.95Exp: 2014-02-05→ Common Stock (40,000 underlying) - Disposition to Issuer
Stock Options (right to buy)
2013-06-24$6.00/sh−19,900$119,400→ 44,500 totalExercise: $6.00Exp: 2017-11-08→ Common Stock (19,900 underlying) - Disposition to Issuer
Stock Options (right to buy)
2013-06-24$7.99/sh−25,000$199,750→ 194,400 totalExercise: $7.99Exp: 2013-10-30→ Common Stock (25,000 underlying) - Disposition to Issuer
Restricted Stock Units
2013-06-24−24,068→ 0 total→ Common Stock (24,068 underlying) - Disposition to Issuer
Stock Options (right to buy)
2013-06-24$3.00/sh−15,000$45,000→ 99,400 totalExercise: $3.00Exp: 2015-11-03→ Common Stock (15,000 underlying) - Disposition to Issuer
Stock Options (right to buy)
2013-06-24$4.86/sh−35,000$170,100→ 64,400 totalExercise: $4.86Exp: 2016-02-02→ Common Stock (35,000 underlying) - Disposition to Issuer
Stock Options (right to buy)
2013-06-24$9.60/sh−44,500$427,200→ 0 totalExercise: $9.60Exp: 2018-12-10→ Common Stock (44,500 underlying)
Footnotes (9)
- [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]These options were vested 33% on 10/30/2008, 33% on 10/30/2009 and 34% on 10/30/2010.
- [F3]These options were vested 33% on 2/05/2009, 33% on 2/05/2010 and 34% on 2/05/2011.
- [F4]These options were vested 1/6 on the six month anniversary of the grant date, 11/04/2008, then 1/36 each month thereafter through 9/30/2011.
- [F5]These options were vested 1/6 on the six month anniversary of the grant date, 11/03/2009, then 1/36 each month thereafter through 11/03/2012.
- [F6]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.
- [F7]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.
- [F8]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.
- [F9]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 measurements not yet achieved. Pursuant to the Agreemnt 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.