NOBEL LEARNING COMMUNITIES INC 4
4 · NOBEL LEARNING COMMUNITIES INC · Filed Aug 11, 2011
Insider Transaction Report
Form 4
WARNOCK DAVID L
Director
Transactions
- Disposition to Issuer
Common Stock
2011-08-09$11.75/sh−12,051$141,599→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2011-08-09−15,000→ 0 totalExercise: $7.03Exp: 2014-10-06→ Common Stock (15,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2011-08-09−5,000→ 0 totalExercise: $9.53Exp: 2015-11-10→ Common Stock (5,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2011-08-09−5,000→ 0 totalExercise: $10.40Exp: 2016-11-08→ Common Stock (5,000 underlying)
Footnotes (4)
- [F1]Each issued and outstanding share of common stock was, as a result of the consummation of the merger contemplated by the Agreement and Plan of Merger, dated as of May 17, 2011, by and among Nobel Learning Communities Inc., Academic Acquisition Corp.("AAC") and Academic Merger Sub, Inc., a wholly-owned subsidiary of AAC (the "Merger Agreement"), cancelled in exchange for the right to receive a per share amount equal to $11.75 in cash without interest.
- [F2]This option, which vested in three equal annual installments commencing on October 6, 2005, was, as a result of the consummation of the merger contempleted by the Merger Agreement, cancelled in exchange for a cash payment equal to the product of the number of shares subject to such option multiplied by the excess of $11.75 over the exercise price per share of such option.
- [F3]This option, which vested in three equal annual installments commencing on November 10, 2006, was, as a result of the consummation of the merger contempleted by the Merger Agreement, cancelled in exchange for a cash payment equal to the product of the number of shares subject to such option multiplied by the excess of $11.75 over the exercise price per share of such option.
- [F4]This option, which vested in three equal annual installments commencing on November 8, 2007, was, as a result of the consummation of the merger contempleted by the Merger Agreement, cancelled in exchange for a cash payment equal to the product of the number of shares subject to such option multiplied by the excess of $11.75 over the exercise price per share of such option.