4//SEC Filing
EICKHOFF JOHN R 4
Accession 0001204425-05-000004
CIK 0000072418other
Filed
Jan 26, 7:00 PM ET
Accepted
Jan 27, 3:48 PM ET
Size
9.5 KB
Accession
0001204425-05-000004
Insider Transaction Report
Form 4
NORSTAN INCNRRD
EICKHOFF JOHN R
Director
Transactions
- Disposition from Tender
Common Stock
2005-01-25$5.60/sh−3,660$20,496→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2005-01-25−42,500→ 0 total→ Common Stock (42,500 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to Agreement and Plan of Merger dated as of December 20, 2004 between Black Box Corporation and Norstan, Inc. in exchange for $5.60 per share on the acceptance of the Tender Offer by Black Box Corporation.
- [F2]These options were canceled pursuant to the Agreement and Plan of Merger dated December 20, 2004 between Black Box Corporation and Norstan, Inc. in exchange for a cash payment of $88,050 which represents the difference between the various exercise prices of the options and the $5.60 per share tender offer price paid by Black Box Corporation pursuant to the Tender Offer. The options were: 1) On 9/24/2001, 20,000 shares granted at $3.80 vesting 35% upon grant, 35% on September 24, 2002 and the remaining shares on September 24, 2003; 2) On 9/13/2002, 7,500 shares granted at $3.47 vesting upon grant; 3) On 9/18/2003, 7,500 shares granted at $3.25 vesting upon grant; 4) On 9/15/2004, 7,500 shares at $3.14 vesting upon grant.
- [F3]These options expire ten years from the date of grant.
Documents
Issuer
NORSTAN INC
CIK 0000072418
Entity typeother
Related Parties
1- filerCIK 0001204425
Filing Metadata
- Form type
- 4
- Filed
- Jan 26, 7:00 PM ET
- Accepted
- Jan 27, 3:48 PM ET
- Size
- 9.5 KB