Solexa, Inc. 4/A
4/A · Solexa, Inc. · Filed Feb 1, 2007
Insider Transaction Report
Form 4/AAmended
Solexa, Inc.SLXA
West John
DirectorChief Executive Officer
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2007-01-26−309,253→ 0 totalExercise: $1.28Exp: 2014-08-06→ Common Stock (309,253 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2007-01-26−600,000→ 0 totalExercise: $6.39Exp: 2015-05-09→ Common Stock (600,000 underlying)
Footnotes (2)
- [F1]This option, which provided for vesting of 25% on the one year anniversary of August 6, 2004 and monthly thereafter over 36 months, was assumed by Illumina, Inc. in connection with the merger with Solexa, Inc. and replaced with an option to purchase 106,383 shares at an exercise price of $3.72 per share. In connection with the closing of the merger on January 26, 2007, the vesting and exercisability of this option was accelerated by 2 years as provided in the employment agreement between the Issuer and the Reporting Person.
- [F2]This option, which provided for vesting monthly and ratably over the 48 month period beginning on August 9, 2004, was assumed by Illumina, Inc. in connection with the merger with Solexa, Inc. and replaced with an option to purchase 206,400 shares at an exercise price of $18.58 per share. In connection with the closing of the merger on January 26, 2007, the vesting and exercisability of this option was accelerated by 2 years as provided in the employment agreement between the Issuer and the Reporting Person.