4//SEC Filing
Anderson Raymond C 4
Accession 0001193805-10-001618
CIK 0000814055other
Filed
Jun 2, 8:00 PM ET
Accepted
Jun 3, 5:56 PM ET
Size
9.3 KB
Accession
0001193805-10-001618
Insider Transaction Report
Form 4
YOUBET COM INCUBET
Anderson Raymond C
Director
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2010-06-02−50,064→ 0 totalExercise: $1.44Exp: 2018-06-11→ Common Stock, par value $.001 per share (50,064 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2010-06-02−15,000→ 0 totalExercise: $2.81Exp: 2019-05-31→ Common Stock, par value $.001 per share (15,000 underlying)
Footnotes (2)
- [F1]These stock options vested ratably over a 12-month period beginning June 12, 2008. These stock options were canceled and exchanged for a payment of a combination of $24,847.56 in cash and 1,483 shares of Churchill Downs Incorporated ("CDI") common stock pursuant to the terms of the Agreement and Plan of Merger dated as of November 11, 2009 (the "Merger Agreement") among Youbet.com, Inc. ("Youbet"), CDI, Tomahawk Merger Corp. and Tomahawk Merger LLC. The cash and stock payment made with respect to these stock options is based upon the amount by which $0.99 plus the product of (i) 0.0591 and (ii) $32.04, the closing price of CDI common stock on the day immediately prior to the effective time of the merger, exceeded the exercise price of each such Youbet stock option.
- [F2]These stock options vest ratably over a 12-month period beginning June 1, 2009. These stock options were canceled and exchanged for a payment of a combination of $386.83 in cash and 23 shares of CDI common stock pursuant to the terms of the Merger Agreement. The cash and stock payment made with respect to these stock options is based upon the amount by which $0.99 plus the product of (i) 0.0591 and (ii) $32.04, the closing price of CDI common stock on the day immediately prior to the effective time of the merger, exceeded the exercise price of each such Youbet stock option.
Documents
Issuer
YOUBET COM INC
CIK 0000814055
Entity typeother
Related Parties
1- filerCIK 0001437769
Filing Metadata
- Form type
- 4
- Filed
- Jun 2, 8:00 PM ET
- Accepted
- Jun 3, 5:56 PM ET
- Size
- 9.3 KB