BLAZER DENNIS W 4
4 · INTERLOTT TECHNOLOGIES INC · Filed Sep 19, 2003
Insider Transaction Report
Form 4
BLAZER DENNIS W
Chief Financial Officer
Transactions
- Disposition to Issuer
Stock Options (Rights to Buy)
2003-09-18$5.75/sh−4,000$23,000→ 0 totalExercise: $3.25Exp: 2008-12-30→ Common Stock (4,000 underlying) - Disposition to Issuer
Stock Options (Rights to Buy)
2003-09-18$3.60/sh−17,000$61,200→ 0 totalExercise: $5.40Exp: 2012-03-05→ Common Stock (17,000 underlying) - Disposition to Issuer
Stock Options (Rights to Buy)
2003-09-18$3.94/sh−5,000$19,685→ 0 totalExercise: $5.06Exp: 2008-07-12→ Common Stock (5,000 underlying) - Disposition to Issuer
Common Stock
2003-09-18−5,792→ 0 total - Disposition to Issuer
Stock Options (Rights to Buy)
2003-09-18$3.75/sh−8,500$31,875→ 0 totalExercise: $5.25Exp: 2011-01-03→ Common Stock (8,500 underlying) - Disposition to Issuer
Stock Options (Rights to Buy)
2003-09-18$3.00/sh−22,500$67,500→ 0 totalExercise: $6.00Exp: 2013-01-14→ Common Stock (22,500 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to the merger agreement providing for the merger of the Issuer into a subsidiary of GTECH Holdings Corporation. The reporting person will receive cash, GTECH common stock or a combination of the two valued pursuant to the merger agreement at $9.00 per share disposed of. The consideration received will depend both on the election of the reporting person and on elections made by other stockholders of the Issuer.
- [F2]All options have 10-year terms and became or become exercisable at the rate of 25% per year beginning one year from the date of grant. Under the terms of the Issuer's plans, all unexercisable options vested in full in connection with the merger. Under the terms of the merger agreement, all options were cancelled at the effective time of the merger in exchange for cash payments in an amount per share subject to those options equal to the excess of $9.00 over the exercise price.