4//SEC Filing
CONNETICS CORP 4
Accession 0001204391-07-000006
CIK 0001004960operating
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 2:22 PM ET
Size
25.3 KB
Accession
0001204391-07-000006
Insider Transaction Report
Form 4
CONNETICS CORPCNCT
HIGGINS JOHN L
EVP,Finance, Corp Dev. & CFO
Transactions
- Disposition to Issuer
Common Stock, Par Value $0.001
2006-12-29$17.50/sh−53,261$932,068→ 0 total - Disposition to Issuer
Option to Purchase Common Stock
2006-12-29$12.94/sh−47,395$613,173→ 0 totalExercise: $4.56From: 2006-12-29Exp: 2011-01-02→ Common Stock (47,395 underlying) - Disposition to Issuer
Common Stock, Par Value $0.001
2006-12-29$17.50/sh−60,860$1,065,050→ 0 total - Disposition to Issuer
Option to Purchase Common Stock
2006-12-29$5.05/sh−100,000$505,000→ 0 totalExercise: $12.45From: 2006-12-29Exp: 2013-01-02→ Common Stock (100,000 underlying) - Disposition to Issuer
Option to Purchase Common Stock
2006-12-29$8.75/sh−45,000$393,750→ 0 totalExercise: $8.75From: 2006-12-29Exp: 2010-01-04→ Common Stock (45,000 underlying) - Disposition to Issuer
Option to Purchase Common Stock
2006-12-29$11.13/sh−18,125$201,641→ 0 totalExercise: $6.38From: 2006-12-29Exp: 2009-07-12→ Common Stock (18,125 underlying) - Disposition to Issuer
Option to Purchase Common Stock
2006-12-29$5.60/sh−75,000$420,000→ 0 totalExercise: $11.90From: 2006-12-29Exp: 2012-01-01→ Common Stock (75,000 underlying) - Disposition to Issuer
Common Stock, Par Value $0.001
2006-12-28$17.50/sh−250$4,375→ 0 total(indirect: By Spouse) - Disposition to Issuer
Option to Purchase Common Stock
2006-12-29$13.19/sh−3,404$44,890→ 0 totalExercise: $4.31From: 2006-12-29Exp: 2007-09-16→ Common Stock (3,404 underlying) - Disposition to Issuer
Option to Purchase Common Stock
2006-12-29$12.94/sh−25,000$323,425→ 0 totalExercise: $4.56From: 2006-12-29Exp: 2010-10-12→ Common Stock (25,000 underlying)
Footnotes (5)
- [F1]In connection with the merger agreement between issuer and Stiefel Laboratories, shares of the Issuer's common stock were converted into the right to receive $17.50 per share in cash, without interest.
- [F2]Immediately prior to the effective time of the merger between issuer and Stiefel Laboratories, Inc., all restrictions on these shares of restricted stock were released, and the shares became fully vested and eligible for the merger consideration in an amount equal to $17.50 multiplied by the number of shares of common stock subject to the restrictions, less any required witholding.
- [F3]Immediately prior to the effective time of the merger between issuer and Stiefel Laboratories, the options became fully vested. In exchange for the options, the Issuer paid to the Reporting Person either (a) -0- for each grant of options if the exercise price of the options was equal to or greater than the merger consideration of $17.50, or (b) an amount equal to the excess of the merger consideration ($17.50) over the exercise price multiplied by the number of shares of common stock subject to the option, less any required witholding, if the exercise price of the option was less than the merger consideration of $17.50.
- [F4]The stock options were granted under a Connetics Corporation stock option plan and, but for the merger between Issuer and Stiefel Laboratories, would have been exercisable at the rate of 1/8th on the vesting commencement date, and 1/48th thereafter.
- [F5]The stock options were granted under a Connetics Corporation stock option plan and, but for the merger between Issuer and Stiefel Laboratories, would have been exercisable at the rate of 25% on the one year anniversary and 1/48th per month thereafter.
Documents
Issuer
CONNETICS CORP
CIK 0001004960
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001004960
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 2:22 PM ET
- Size
- 25.3 KB