DAEGIS INC. 4
4 · DAEGIS INC. · Filed Nov 23, 2015
Insider Transaction Report
Form 4
DAEGIS INC.DAEG
Bacci Timothy P
Director
Transactions
- Other
Common Stock
2014-05-19−3,353→ 534 total - Disposition from Tender
Common Stock
2015-11-23$0.82/sh−3,183,190$2,610,216→ 0 total(indirect: See footnote) - Disposition to Issuer
Stock Option
2015-11-23$0.72/sh−655,378$471,872→ 0 totalExercise: $0.72Exp: 2024-12-10→ Common Stock (655,378 underlying) - Disposition from Tender
Common Stock
2015-11-23$0.82/sh−534$438→ 0 total
Footnotes (4)
- [F1]These shares were escheated to the State of California on May 19, 2014.
- [F2]Not applicable to escheated shares.
- [F3]Mr. Bacci beneficially owned 3,183,190 shares of common stock by reason of a direct ownership interest in BlueLine Partners, LLC.
- [F4]This option granted 12/10/2014 pursuant to the 2010 Stock Option Plan with 50% vesting on 12/10/2015 and the remainder vesting monthly as to 1/48th of the subject shares upon completion of each full month of continuous employment with Daegis Inc. Option was canceled in the merger in exchange for a cash payment of $65,537.80, representing the difference between the exercise price of the option and the merger consideration of $0.82 per share.