DIGITAL LIGHTWAVE INC 4
4 · DIGITAL LIGHTWAVE INC · Filed Jul 11, 2006
Insider Transaction Report
Form 4
DIGITAL LIGHTWAVE INCDIGL.OB
ZWAN BRYAN J
Director10% OwnerOther
Transactions
- Other
Common Stock
2006-07-06$49.50/sh−230,000$11,385,000→ 11,518,750 total(indirect: By Partnership) - Other
Forward Sale Agreement
2006-07-06−230,000→ 0 total(indirect: By Partnership)Exercise: $49.50Exp: 2006-07-06→ Common Stock (230,000 underlying)
Holdings
- 981,258(indirect: By LLC)
Common Stock
Footnotes (2)
- [F1]That certain forward sale agreement dated July 6, 2001 between ZG Nevada Limited Partnership and CSFB SAILS Corp., (the "Ninth Agreement") matured on July 6, 2006. On July 6, 2006, pursuant to the terms of the Ninth Agreement and the Pledge Agreement dated July 6, 2001 between the same parties (the "Ninth Pledge Agreement") , 230,000 shares of Issuer Common Stock were released from the Ninth Pledge Agreement and delivered to CSFB SAILS Corp. ZG Nevada Limited Partnership is ultimately controlled by Dr. Bryan J. Zwan.
- [F2]Optel Capital, LLC is ultimately controlled by Dr. Bryan J. Zwan.