DAVIS JOHN F III 4
4 · PEGASUS SOLUTIONS INC · Filed May 4, 2006
Insider Transaction Report
Form 4
DAVIS JOHN F III
DirectorCEO and President
Transactions
- Disposition to Issuer
Common Stock
2006-05-04$9.50/sh−50,225$477,138→ 0 total - Disposition to Issuer
Non-qualified stock option (right to buy)
2006-05-04$3.17/sh−120,000$380,040→ 150,000 totalExercise: $6.33Exp: 2008-10-13→ Common Stock (120,000 underlying) - Disposition to Issuer
Non-qualified stock option (right to buy)
2006-05-04$1.38/sh−150,000$206,250→ 0 totalExercise: $8.13Exp: 2011-03-19→ Common Stock (150,000 underlying)
Footnotes (3)
- [F1]In connection with the merger of 406 Acquistion Corp. with and into the Issuer, shares of the Issuer's common stock were converted into the right to receive $9.50 per share, without interest. 12,500 of shuch shares are restricted shares granted under the Company's 2002 Stock Incentive Plan.
- [F2]This option, which provided for vesting in four equal annual installments beginning October 13, 1999, was cancelled in the merger described footnote 1 in exchange for a cash payment of $380,000, representing the difference between the exercise price and the market value of the underlying Pegasus common stock on the effective date of the merger ($9.50).
- [F3]This option, which provided for vesting in four equal annual installments beginning March 19, 2002, was cancelled in the merger described footnote 1 in exchange for a cash payment of $206,250, representing the difference between the exercise price and the market value of the underlying Pegasus common stock on the effective date of the merger ($9.50).