Olsen Erik 4
4 · TBC CORP · Filed Nov 21, 2005
Insider Transaction Report
Form 4
TBC CORPTBCC
Olsen Erik
Sr. V.P.; Chief Marketing Off.
Transactions
- Disposition to Issuer
Common Stock
2005-11-17$35.00/sh−500$17,500→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2005-11-17$9.39/sh−15,000$140,850→ 0 totalExercise: $25.61Exp: 2015-01-25→ Common Stock (15,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2005-11-17$8.28/sh−20,000$165,600→ 0 totalExercise: $26.72Exp: 2014-12-15→ Common Stock (20,000 underlying)
Footnotes (3)
- [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 $17,500 representing the number of shares held by the reporting person (500) multiplied by the merger price ($35/share).
- [F2]This option, which vests in three equal annual installments beginning on 12/16/05, was canceled in the merger in exchange for a cash payment of $165,600 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 01/26/06, was canceled in the merger in exchange for a cash payment of $140,850 representing the difference between the exercise price of the option and the merger price of the stock of the issuer ($35.00 per share).