ADVENT SOFTWARE INC /DE/ 4
4 · ADVENT SOFTWARE INC /DE/ · Filed Jul 12, 2013
Insider Transaction Report
Form 4
SCULLY JOHN H
Director10% Owner
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2013-07-10+24,000→ 120,000 totalExercise: $7.84From: 2006-06-07Exp: 2015-06-07→ Common Stock (24,000 underlying) - Award
Non-Qualified Stock Option (right to buy)
2013-07-10+12,000→ 120,000 totalExercise: $7.84From: 2005-12-01Exp: 2014-12-01→ Common Stock (12,000 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2013-07-10−24,000→ 96,000 totalExercise: $15.80From: 2007-05-17Exp: 2016-05-17→ Common Stock (24,000 underlying) - Award
Non-Qualified Stock Option (right to buy)
2013-07-10+24,000→ 120,000 totalExercise: $7.84From: 2007-05-17Exp: 2016-05-17→ Common Stock (24,000 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2013-07-10−60,000→ 60,000 totalExercise: $9.35From: 2004-11-03Exp: 2013-11-03→ Common Stock (60,000 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2013-07-10−24,000→ 96,000 totalExercise: $9.99From: 2006-06-07Exp: 2015-06-07→ Common Stock (24,000 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2013-07-10−12,000→ 108,000 totalExercise: $10.00From: 2005-12-01Exp: 2014-12-01→ Common Stock (12,000 underlying) - Award
Non-Qualified Stock Option (right to buy)
2013-07-10+60,000→ 120,000 totalExercise: $7.84From: 2004-11-03Exp: 2013-11-03→ Common Stock (60,000 underlying)
Footnotes (2)
- [F1]The transactions reported on this Form 4 reflect an amendment to outstanding options. The Company modified its outstanding stock option awards by reducing the exercise price by $9 per option. Options with a strike price of less than $16.84 were lowered to a strike price of $7.84 and provided cash equal to the difference between $9 per option and the amount of the exercise price reduction.
- [F2]These options were granted to John H. Scully ("JHS") as a director of the Issuer. Pursuant to the partnership agreement governing SPO Partners II ("SPO Partners"), total options owned by JHS may be deemed to be beneficially owned by SPO Partners along with any profits arising from the exercise of these options or the benefits of these options once they are vested. JHS, Edward H. McDermott and Eli J. Weinberg are the three controlling persons of SPO Advisory Corp. the sole general partner of SPO Advisory Partners, L.P., which is the sole general partner of SPO Partners.