PARADYNE NETWORKS INC 4
4 · PARADYNE NETWORKS INC · Filed Sep 6, 2005
Insider Transaction Report
Form 4
STENSRUD WILLIAM R
Director
Transactions
- Disposition to Issuer
Common Stock
2005-09-01−245→ 0 total(indirect: By Son) - Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
2005-09-01−5,000→ 0 totalExercise: $30.00Exp: 2010-06-02→ Common Stock (5,000 underlying) - Disposition to Issuer
Common Stock
2005-09-01−353,690→ 0 total(indirect: By Trust)
Footnotes (4)
- [F1]The shares were disposed of pursuant to the merger agreement between Zhone Technologies, Inc. ("Zhone") and the issuer in exchange for 1.0972 shares of Zhone common stock per share of issuer common stock. The Zhone common stock had a market value of $2.65 per share on the effective date of the merger.
- [F2]The option, which was fully vested or became fully vested pursuant to the merger agreement, was assumed by Zhone in the merger and replaced with an option to purchase 5,486 shares of Zhone common stock for $27.35 per share.
- [F3]The option, which was fully vested or became fully vested pursuant to the merger agreement, was assumed by Zhone in the merger and replaced with an option to purchase 5,486 shares of Zhone common stock for $2.44 per share.
- [F4]The option, which was fully vested or became fully vested pursuant to the merger agreement, was assumed by Zhone in the merger and replaced with an option to purchase 5,486 shares of Zhone common stock for $1.71 per share.