PRESTWOOD THOMAS A 4
4 · SPECTRASITE INC · Filed Aug 9, 2005
Insider Transaction Report
Form 4
PRESTWOOD THOMAS A
President-Broadcast Division
Transactions
- Disposition to Issuer
Employee stock option (right to buy)
2005-08-08−31,666→ 0 totalExercise: $13.08Exp: 2013-03-12→ Common Stock (31,666 underlying)
Footnotes (1)
- [F1]This option, which provided for 20% vesting on the grant date, 50% vesting ratably in each of the thirty six months following the grant and 30% vesting on the sixth anniversary of the grant, subject to accelerated vesting upon meeting performance targets, 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 113,205 shares of ATC common stock for $3.66 per share.