AIRGATE PCS INC /DE/ 4
4 · AIRGATE PCS INC /DE/ · Filed Feb 16, 2005
Insider Transaction Report
Form 4
SCHOETTLER GAIL
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2005-02-15−1,000→ 0 total→ Common Stock (1,000 underlying)
Footnotes (3)
- [F1]Convertible into the issuer's common stock on a 1-for-1 basis.
- [F2]These Restricted Stock Units ("RSUs") were scheduled to vest on April 8, 2005, subject to certain conditions as detailed in the AirGate PCS, Inc. Director Compensation Plan. On February 7, 2005, the Company's board of directors approved the full acceleration of vesting of these RSUs, effective immediately prior to the closing of the merger on February 15, 2005 between the issuer and A-Co. Merger Sub, Inc., a wholly-owned subsidiary of Alamosa Holdings, Inc. The RSUs were cancelled in the merger in exchange for a cash payment of $36,620.00, representing the number of RSUs times the average closing price of Alamosa common stock for the ten trading days prior to the merger multiplied by 2.87 ($36.62 per share).
- [F3]None.