MCCARTHY WILLIAM J 4
4 · TBC CORP · Filed Nov 21, 2005
Insider Transaction Report
Form 4
TBC CORPTBCC
MCCARTHY WILLIAM J
Director
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2005-11-17$9.09/sh−1,544$14,035→ 0 totalExercise: $25.91→ Common Stock (1,544 underlying) - Disposition to Issuer
Stock Option (right to buy)
2005-11-17$27.81/sh−924$25,696→ 0 totalExercise: $7.19→ Common Stock (924 underlying) - Disposition to Issuer
Stock Option (right to buy)
2005-11-17$19.00/sh−2,500$47,500→ 0 totalExercise: $16.00→ Common Stock (2,500 underlying) - Disposition to Issuer
Common Stock
2005-11-17−233→ 6,116 total - Disposition to Issuer
Stock Option (right to buy)
2005-11-17$20.70/sh−932$19,292→ 0 totalExercise: $14.30→ Common Stock (932 underlying) - Disposition to Issuer
Common Stock
2005-11-17−386→ 5,105 total - Disposition to Issuer
Common Stock
2005-11-17−231→ 6,349 total - Disposition to Issuer
Common Stock
2005-11-17−625→ 5,491 total - Disposition to Issuer
Common Stock
2005-11-17$35.00/sh−5,105$178,675→ 0 total
Footnotes (10)
- [F1]Restricted shares forfeited as a result of the merger of the issuer into Traction Acquisition Corp., a wholly owned subsidiary of Sumitomo Corporation of America.
- [F10]The option expires in three equal annual installments beginning on 06/07/08.
- [F2]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 $178,675 representing the number of shares held by the reporting person (5,105) multiplied by the merger price ($35/share).
- [F3]This option, which provided for vesting on 4/25/02, was canceled in the merger in exchange for a cash payment of $25,696.44 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]One-third of the option expired on 4/25/04; another one-third expired on 4/25/05; and the balance expires on 4/25/06.
- [F5]This option, which provided for vesting on 4/24/03, was canceled in the merger in exchange for a cash payment of $19,292.40 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]The option expires in three equal annual installments beginning on 04/24/05.
- [F7]This option, which provided for vesting on 4/30/04, was canceled in the merger in exchange for a cash payment of $47,500 representing the difference between the exercise price of the option and the merger price of the stock of the issuer ($35.00 per share).
- [F8]The option expires in three equal annual installments beginning on 04/30/06.
- [F9]This option, which provided for vesting on 06/07/2006, was canceled in the merger in exchange for a cash payment of $14,034.96 representing the difference between the exercise price of the option and the merger price of the stock of the issuer ($35.00 per share).