4//SEC Filing
KROCHMAL LINCOLN 4
Accession 0001204391-07-000008
CIK 0001004960other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 2:33 PM ET
Size
8.6 KB
Accession
0001204391-07-000008
Insider Transaction Report
Form 4
CONNETICS CORPCNCT
KROCHMAL LINCOLN
EVP Research & Product Dev.
Transactions
- 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$0.43/sh−125,000$53,750→ 0 totalExercise: $17.07From: 2006-12-29Exp: 2013-09-18→ Common Stock (125,000 underlying)
Footnotes (3)
- [F1]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.
- [F2]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.
- [F3]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.
Documents
Issuer
CONNETICS CORP
CIK 0001004960
Entity typeother
Related Parties
1- filerCIK 0001264571
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 2:33 PM ET
- Size
- 8.6 KB