GARVEY THOMAS W 4
4 · TBC CORP · Filed Nov 21, 2005
Insider Transaction Report
Form 4
TBC CORPTBCC
GARVEY THOMAS W
Executive VP and CFO
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2005-11-17$21.95/sh−21,648$475,174→ 0 totalExercise: $13.05Exp: 2012-01-05→ Common Stock (21,648 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2005-11-17$26.30/sh−7,149$188,019→ 0 totalExercise: $8.70Exp: 2011-06-26→ Common Stock (7,149 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2005-11-17$9.39/sh−24,100$226,299→ 0 totalExercise: $25.61Exp: 2015-01-25→ Common Stock (24,100 underlying) - Disposition to Issuer
Common Stock
2005-11-17$35.00/sh−58,051$2,031,785→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2005-11-17$22.38/sh−31,414$703,045→ 0 totalExercise: $12.62Exp: 2013-01-09→ Common Stock (31,414 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2005-11-17$7.10/sh−21,500$152,650→ 0 totalExercise: $27.90Exp: 2014-01-25→ Common Stock (21,500 underlying)
Footnotes (6)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of September 18, 2005, by and among Sumitomo Corporation of America, Traction Acquisition Corp., and the issuer in exchange for a cash payment of $2,031,785 representing the number of shares held by the reporting person (58,051) multiplied by the merger price ($35/share).
- [F2]This option, which vests in three equal annual installments beginning on 01/06/03, was canceled in the merger in exchange for a cash payment of $475,173.60 representing the difference between the exercise price of the option and the merger price of the stock of the issuer ($35.00 per share).
- [F3]This option, which vests in three equal annual installments beginning on 01/10/04, was canceled in the merger in exchange for a cash payment of $703,045.32 representing the difference between the exercise price of the option and the merger price of the stock of the issuer ($35.00 per share).
- [F4]This option, which vests in three equal annual installments beginning on 01/26/05, was canceled in the merger in exchange for a cash payment of $152,650 representing the difference between the exercise price of the option and the merger price of the stock of the issuer ($35.00 per share).
- [F5]This option, which vests in three equal annual installments beginning on 01/26/06, was canceled in the merger in exchange for a cash payment of $226,299 representing the difference between the exercise price of the option and the merger price of the stock of the issuer ($35.00 per share).
- [F6]This option, which vested in three equal annual installments beginning on 06/27/02, was canceled in the merger in exchange for a cash payment of $188,018.70 representing the difference between the exercise price of the option and the merger price of the stock of the issuer ($35.00 per share).