4//SEC Filing
Perini Daniel 4
Accession 0001193805-10-001621
CIK 0000814055other
Filed
Jun 2, 8:00 PM ET
Accepted
Jun 3, 5:57 PM ET
Size
12.2 KB
Accession
0001193805-10-001621
Insider Transaction Report
Form 4
YOUBET COM INCUBET
Perini Daniel
General Counsel
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2010-06-02−75,000→ 0 totalExercise: $1.26Exp: 2019-03-03→ Common Stock, par value $.001 per share (75,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2010-06-02−25,000→ 0 totalExercise: $1.95Exp: 2018-09-07→ Common Stock, par value $.001 per share (25,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2010-06-02−25,000→ 0 totalExercise: $1.56Exp: 2018-06-08→ Common Stock, par value $.001 per share (25,000 underlying)
Footnotes (3)
- [F1]These stock options vest in four equal annual installments, beginning on June 9, 2009. These stock options were canceled and exchanged for a payment of a combination of $11,377.55 in cash and 679 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 in four equal annual installments, beginning on September 8, 2009. These stock options were canceled and exchanged for a payment of a combination of $8,028.90 in cash and 479 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.
- [F3]These stock options vest in four equal annual installments, beginning on March 4, 2010. These stock options were canceled and exchanged for a payment of a combination of $41,860.27 in cash and 2,498 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 0001437805
Filing Metadata
- Form type
- 4
- Filed
- Jun 2, 8:00 PM ET
- Accepted
- Jun 3, 5:57 PM ET
- Size
- 12.2 KB