TURBOCHEF TECHNOLOGIES INC 4
4 · TURBOCHEF TECHNOLOGIES INC · Filed Jan 7, 2009
Insider Transaction Report
Form 4
PRICE JAMES K
DirectorPresident and CEO
Transactions
- Gift
Common Stock
2009-01-05−80,000→ 1,640,879 total - Disposition to Issuer
Common Stock
2009-01-05−1,640,879→ 0 total - Disposition to Issuer
Restricted Stock Units
2009-01-05−46,400→ 0 total→ Common Stock (46,400 underlying) - Disposition to Issuer
Employee stock option (right to buy)
2009-01-05−416,666→ 0 totalExercise: $5.25From: 2005-12-31Exp: 2013-10-29→ Common Stock (416,666 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to the merger agreement between issuer and Chef Acquisition Corp., a merger subsidiary of The Middleby Corporation in exchange for $6,022,025 in cash and 79,746 shares of Middleby common stock having a market value of $29.42 per share on the effective date of the merger, plus a small amount of cash in exchange for a fractional share of Middleby common stock.
- [F2]These restricted stock units representing the right to receive one share of TurboChef common stock for each unit were awarded on March 29, 2007, vested immediately prior to the effective time of the merger and were cancelled and converted into the right to receive the merger consideration for each share formerly represented by a unit, $3.67 in cash and .0486 shares of common stock of The Middleby Corporation, plus cash in lieu of any fractional share.
- [F3]This option was out of the money at the effective time of the merger and was cancelled.