4//SEC Filing
INSURANCE AUTO AUCTIONS, INC 4
Accession 0001209191-05-030493
CIK 0000880026operating
Filed
Jun 6, 8:00 PM ET
Accepted
Jun 7, 1:54 PM ET
Size
16.7 KB
Accession
0001209191-05-030493
Insider Transaction Report
Form 4
HERMANEK DONALD J
Sr. VP Sales & Marketing
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2005-05-25$14.31/sh−40,000$572,400→ 0 totalExercise: $13.94Exp: 2011-03-07→ Common Stock (40,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2005-05-25$12.75/sh−23,476$299,319→ 0 totalExercise: $15.50Exp: 2012-12-16→ Common Stock (23,476 underlying) - Disposition to Issuer
Common Stock
2005-05-25$28.25/sh−23,243$656,615→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2005-05-25$14.40/sh−30,000$432,000→ 0 totalExercise: $13.85Exp: 2013-11-14→ Commmon Stock (30,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2005-05-25−6,524→ 0 totalExercise: $15.50Exp: 2012-12-16→ Common Stock (6,524 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2005-05-25−25,000→ 0 totalExercise: $16.00Exp: 2010-09-05→ Common Stock (25,000 underlying)
Footnotes (6)
- [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 $432,000, 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 assumed by Axle Holdings, Inc. in the merger and replaced with an option to purchase 27,570 shares of Axle Holdings, Inc. common stock at $14.51 per share.
- [F4]This option was canceled in the merger in exchange for a cash payment of $572,400, 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.
- [F5]This option was canceled in the merger in exchange for a cash payment of $299,325, 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.
- [F6]This option was assumed by Axle Holdings, Inc. in the merger and replaced with an option to purchase 7,195 shares of Axle Holdings, Inc. common stock at $14.06 per share.
Documents
Issuer
INSURANCE AUTO AUCTIONS, INC
CIK 0000880026
Entity typeoperating
IncorporatedIL
Related Parties
1- filerCIK 0000880026
Filing Metadata
- Form type
- 4
- Filed
- Jun 6, 8:00 PM ET
- Accepted
- Jun 7, 1:54 PM ET
- Size
- 16.7 KB