LEWIS JOHN G 4
4 · PLATO LEARNING INC · Filed May 25, 2010
Insider Transaction Report
Form 4
LEWIS JOHN G
Director
Transactions
- Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2010-05-25$3.07/sh−15,000$46,050→ 0 totalExercise: $2.53From: 2008-09-12Exp: 2016-09-11→ Common Stock (15,000 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2010-05-25$4.00/sh−11,500$46,000→ 0 totalExercise: $1.60From: 2009-03-27Exp: 2017-03-26→ Common Stock (11,500 underlying) - Disposition to Issuer
Common Stock
2010-05-25$5.60/sh−7,000$39,200→ 0 total
Footnotes (2)
- [F1]Disposed of pursuant to merger agreement between issuer and Project Porsche Holdings Corporation and Project Porsche Merger Corp. in exchange for a cash payment of $5.60 per share on the effective date of the merger.
- [F2]This option, which was immediately exercisable, was canceled pursuant to the merger agreement in exchange for a cash payment representing the difference between the exercise price of the option and $5.60 per share on the effective date of the merger.