KERNAN JOHN T 4
4 · PLATO LEARNING INC · Filed Nov 19, 2003
Insider Transaction Report
Form 4
KERNAN JOHN T
Director
Transactions
- Award
Common Stock
2003-11-17+211,527→ 211,527 total - Award
Common Stock
2003-11-17+17,117→ 228,644 total - Other
Common Stock
2003-11-17$10.59/sh−5,555$58,827→ 223,089 total - Award
Non-Employee Director Stock Option (Right to Buy)
2003-11-17+15,000→ 15,000 totalExercise: $10.52From: 2003-11-18Exp: 2011-11-17→ Common Stock (15,000 underlying)
Footnotes (3)
- [F1]Received in exchange for 159,045 shares of Lightspan, Inc. common stock in connection with the merger of Lightspan, Inc. into PLATO Learning, Inc. (the ''Merger''). On the effective date of the Merger, the closing price of Lightspan's common stock was $14.02 per share, and the closing price of PLATO Learning's common stock was $10.52 per share.
- [F2]Received in the Merger in exchange for employee stock options to acquire 14,999 shares of Lightspan, Inc. common stock at an exercise price of $7.10 per share, and 9,999 shares of Lightspan, Inc. common stock at an exercise price of $10.10 per share, and 9,999 shares of Lightspan, Inc. common stock at an exercise price of $10.40 per share.
- [F3]Disposed as payment of tax obligations incurred in the Merger in connection with PLATO Learning, Inc. common stock received in exchange for Lightspan, Inc. employee stock options to acquire, as explained in #2 above.