FLOYD RIC L 4
4 · PEGASUS SOLUTIONS INC · Filed May 4, 2006
Insider Transaction Report
Form 4
FLOYD RIC L
EVP, Gen. Counsel, Secretary
Transactions
- Disposition to Issuer
Common stock
2006-05-04$9.50/sh−7,500$71,250→ 0 total - Disposition to Issuer
Non-qualified stock option (right to buy)
2006-05-04$1.38/sh−5,000$6,875→ 0 totalExercise: $8.13Exp: 2011-03-19→ Common Stock (3,000 underlying)
Footnotes (2)
- [F1]In connection with the merger of 406 Acquisition 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. All such 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 March 19, 2002, was cancelled in the merger described in footnote 1 in exchange for a cash payment of $4,125, 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).