ZG NEVADA INC 4
4 · DIGITAL LIGHTWAVE INC · Filed Mar 3, 2005
Insider Transaction Report
Form 4
ZWAN BRYAN J
Director10% OwnerOther
Transactions
- Other
Forward Sale Agreement
2005-03-01−750,000→ 0 total(indirect: By Partnership)Exercise: $63.10Exp: 2005-03-01→ Common Stock (750,000 underlying) - Other
Common Stock
2005-03-01$63.10/sh−75,000$4,732,500→ 14,633,750 total(indirect: By Partnership)
Footnotes (1)
- [F1]That certain forward sale agreement dated March 1, 2000 between ZG Nevada Limited Partnership and CSFB SAILS Corp. (the "Second March Agreement") matured on March 1, 2005. On March 1, 2005, pursuant to the terms of the Second March Agreement and the Pledge Agreement dated March 1, 2000 between the same parties (the "Second March Pledge Agreement"), 750,000 shares of Issuer Common Stock were released from the Second March Pledge Agreement and delivered to CSFB SAILS Corp. ZG Nevada Limited Partnership is ultimately controlled by Dr. Bryan J. Zwan.