SLAVEN MARK 4
4 · SPECTRASITE INC · Filed Aug 9, 2005
Insider Transaction Report
Form 4
SLAVEN MARK
Chief Financial Officer
Transactions
- Disposition to Issuer
Employee stock option (right to buy)
2005-08-08−50,000→ 0 totalExercise: $51.80Exp: 2014-11-01→ Common Stock (50,000 underlying) - Disposition to Issuer
Employee stock option (right to buy)
2005-08-08−150,000→ 0 totalExercise: $58.11Exp: 2014-12-17→ Common Stock (150,000 underlying)
Footnotes (2)
- [F1]This option, which provided for 100% vesting on November 1, 2005, was assumed by American Tower Corporation ("ATC") pursuant to a merger agreement among the issuer, ATC and Asteroid Merger Sub, LLC, a direct wholly-owned subsidiary of ATC, and was replaced with an option to purchase 178,750 shares of ATC common stock for $14.49 per share.
- [F2]This option, which provided for ratable vesting in each of the thirty six months following the grant, was assumed by ATC pursuant to the merger agreement and was replaced with an option to purchase 536,250 shares of ATC common stock for $16.26 per share.