4//SEC Filing
PLATO LEARNING INC 4
Accession 0001194912-10-000044
CIK 0000893965operating
Filed
May 24, 8:00 PM ET
Accepted
May 25, 4:02 PM ET
Size
16.8 KB
Accession
0001194912-10-000044
Insider Transaction Report
Form 4
RUECKL ROBERT J
Chief Financial Officer
Transactions
- Disposition to Issuer
Stock Appreciation Rights
2010-05-25$0.60/sh−22,000$13,200→ 0 totalExercise: $5.00Exp: 2017-12-18→ Common Stock (22,000 underlying) - Disposition to Issuer
Common Stock
2010-05-25$5.60/sh−50,064$280,358→ 0 total - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2010-05-25$2.64/sh−33,000$87,120→ 0 totalExercise: $2.96Exp: 2016-03-26→ Common Stock (33,000 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2010-05-25$4.58/sh−114,200$523,036→ 0 totalExercise: $1.02Exp: 2016-12-11→ Common Stock (114,200 underlying) - Disposition to Issuer
Performance Shares
2010-05-25$5.60/sh−4,400$24,640→ 0 total→ Common Stock (4,400 underlying) - Disposition to Issuer
Performance Shares
2010-05-25$5.60/sh−54,840$307,104→ 4,400 total→ Common Stock (54,840 underlying)
Footnotes (6)
- [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]The option, which provided for vesting in three equal annual installments beginning on December 11, 2009 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.
- [F3]The option, which provided for vesting in three equal installments beginning on December 10, 2008 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.
- [F4]The performance shares represent the remaining two-thirds of an award that provided for vesting in two equal annual installments on December 17, 2010 and December 17, 2011, and were canceled pursuant to the merger agreement in exchange for a cash payment of $5.60 per share.
- [F5]The performance shares represent the remaining one-third of an award that provided for vesting on December 10, 2010, and were canceled pursuant to the merger agreement in exchange for a cash payment of $5.60 per share.
- [F6]The stock appreciation right, which provided for vesting in three equal annual installments beginning on December 18, 2010, was canceled pursuant to the merger agreement in exchange for a cash payment representing the difference between the exercise price of the stock appreciation right and $5.60 per share on the effective date of the merger.
Documents
Issuer
PLATO LEARNING INC
CIK 0000893965
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000893965
Filing Metadata
- Form type
- 4
- Filed
- May 24, 8:00 PM ET
- Accepted
- May 25, 4:02 PM ET
- Size
- 16.8 KB