INSURANCE AUTO AUCTIONS, INC 4
4 · INSURANCE AUTO AUCTIONS, INC · Filed Jun 7, 2005
Insider Transaction Report
Form 4
MONTGOMERY DAVID R
Chief Operating Officer
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2005-05-25$14.40/sh−18,301$263,534→ 0 totalExercise: $13.85Exp: 2013-11-14→ Common Stock (18,301 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2005-05-25$15.81/sh−100,000$1,581,000→ 0 totalExercise: $12.44Exp: 2011-04-09→ Commmon Stock (100,000 underlying) - Disposition to Issuer
Common Stock
2005-05-25$28.25/sh−25,041$707,408→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2005-05-25−30,000→ 0 totalExercise: $15.50Exp: 2012-12-16→ Common Stock (30,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2005-05-25−11,699→ 0 totalExercise: $13.85Exp: 2013-11-14→ Common Stock (11,699 underlying)
Footnotes (5)
- [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 $1,581,000, 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 canceled in the merger in exchange for a cash payment of $263,535, 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.
- [F4]This option was assumed by Axle Holdings, Inc. in the merger and replaced with an option to purchase 12,902 shares of Axle Holdings, Inc. common stock at $12.56 per share.
- [F5]This option was assumed by Axle Holdings, Inc. in the merger and replaced with an option to purchase 33,084 shares of Axle Holdings, Inc. common stock at $14.06 per share.