4//SEC Filing
PROBUSINESS SERVICES INC 4
Accession 0001188443-03-000010
CIK 0001028751operating
Filed
Jun 23, 8:00 PM ET
Accepted
Jun 23, 8:30 PM ET
Size
10.6 KB
Accession
0001188443-03-000010
Insider Transaction Report
Form 4
No transactions or holdings reported in this filing.
Footnotes (4)
- [F1]Pursuant to the terms of the Agreement and Plan of Merger, dated as of January 5, 2003, among Automatic Data Processing, Inc., a Delaware corporation ("ADP"), ADP Merger Corp, a Delaware corporation and an indirect wholly owned subsidiary of ADP and ProBusiness Services, Inc., a Delaware corporation ("ProBusiness") (the "Merger Agreement"), at the effective time of the merger contemplated therein, each outstanding shares of ProBusiness common stock, except for certain limited exceptions, was converted into the right to receive $17.00 per share in cash, without interest.
- [F2]Includes 50,502 shares held by Jane N. Sinton as custodian for the Sintons' children, 942,897 shares held by Thomas H. Sinton Jane Nibley Sinton Irrevocable Trust, 168,948 shares held by the Sila D. Sinton Trust Estate and 15,950 shares held by an additional family trust.
- [F3]Pursuant to the terms of the Merger Agreement, at the effective time of the merger contemplated therein, each stock option granted under ProBusiness' stock option plans, whether or not then exercisable or vested, was converted into the right to receive an amount in cash, without interest, with respect to each share subject thereto, equal to the excess if any, of $17.00 over the per share exercise price of such option. Each stock option with an exercise price equal to or greater than $17.00 was cancelled without any consideration therefor.
- [F4]On June 20, 2003, the effective time of the merger, each outstanding option to purchase shares of common stock, whether or not then vested or exercisable, was accelerated and became fully vested and exercisable as of such date.
Documents
Issuer
PROBUSINESS SERVICES INC
CIK 0001028751
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001028751
Filing Metadata
- Form type
- 4
- Filed
- Jun 23, 8:00 PM ET
- Accepted
- Jun 23, 8:30 PM ET
- Size
- 10.6 KB