PINNACOR INC 4
4 · PINNACOR INC · Filed Jan 20, 2004
Insider Transaction Report
Form 4
PINNACOR INCPCOR
GENERAL ATLANTIC PARTNERS 69 L P
10% Owner
Transactions
- Disposition from Tender
Common Stock
2004-01-16−5,835,624→ 0 total
Footnotes (1)
- [F1]Disposed of as a result of the consummation of the Agreement and Plan of Merger, dated July 22, 2003 (the "Merger Agreement"), among Pinnacor, Inc. (the "Company"), NMP, Inc. ("Holdco"), MarketWatch.com, Inc. and the other parties thereto. Pursuant to the Merger Agreement, stockholders of the Company were entitled to elect to receive, for each share of common stock of the Company, either $2.42 in cash, 0.2659 shares of common stock of the new MarketWatch.com, Inc. (the successor to Holdco) ("MarketWatch") or a combination of both. The final allocation of the consideration issued pursuant to the Merger Agreement has not been determined, but General Atlantic Partners 69, L.P. elected to receive shares of common stock of MarketWatch and anticipates receiving 1,551,692 shares having a market value of $9.87 per share, which is the closing price per share MarketWatch on January 16, 2004, the effective date of the merger.