INSURANCE AUTO AUCTIONS, INC 4
4 · INSURANCE AUTO AUCTIONS, INC · Filed Jun 7, 2005
Insider Transaction Report
Form 4
NORDIN JOHN R
Chief Information Officer
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2005-05-25$14.20/sh−24,000$340,800→ 0 totalExercise: $14.05Exp: 2013-11-14→ Commmon Stock (24,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2005-05-25−6,000→ 0 totalExercise: $14.05Exp: 2013-11-14→ Common Stock (6,000 underlying) - Disposition to Issuer
Common Stock
2005-05-25$28.25/sh−22,149$625,709→ 0 total
Footnotes (3)
- [F1]Disposed of pursuant to merger agreement by and among issuer, Axle Merger Sub, Inc. and Axle Holdings, Inc.
- [F2]This option was canceled in the merger in exchange for a cash payment of $340,800, representing the difference between the exercise price of the option and the offer price of $28.25 for the underlying IAAI common stock pursuant to the merger agreement.
- [F3]This option was assumed by Axle Holdings, Inc. in the merger and replaced with an option to purchase 6,617 shares of Axle Holdings, Inc. common stock at $12.56 per share.