4//SEC Filing
COMSYS IT PARTNERS INC 4
Accession 0001209191-07-008027
CIK 0000948850operating
Filed
Feb 5, 7:00 PM ET
Accepted
Feb 6, 5:25 PM ET
Size
22.2 KB
Accession
0001209191-07-008027
Insider Transaction Report
Form 4
Eubank II Frederick W
Director
Transactions
- Exercise of In-Money
Common Stock
2007-02-06$13.90/sh−374,035$5,199,087→ 4,858,299 total - Exercise of In-Money
Option to Sell
2007-02-06−374,035→ 1,277,382 totalExercise: $13.90From: 2004-09-30Exp: 2007-12-31→ Common Stock (1,651,417 underlying)
WACHOVIA CORP NEW
10% Owner
Transactions
- Exercise of In-Money
Option to Sell
2007-02-06−374,035→ 1,277,382 totalExercise: $13.90From: 2004-09-30Exp: 2007-12-31→ Common Stock (1,651,417 underlying) - Exercise of In-Money
Common Stock
2007-02-06$13.90/sh−374,035$5,199,087→ 4,858,299 total
Wachovia Investors, Inc.
10% Owner
Transactions
- Exercise of In-Money
Common Stock
2007-02-06$13.90/sh−374,035$5,199,087→ 4,858,299 total - Exercise of In-Money
Option to Sell
2007-02-06−374,035→ 1,277,382 totalExercise: $13.90From: 2004-09-30Exp: 2007-12-31→ Common Stock (1,651,417 underlying)
McCarthy Courtney R
Director
Transactions
- Exercise of In-Money
Option to Sell
2007-02-06−374,035→ 1,277,382 totalExercise: $13.90From: 2004-09-30Exp: 2007-12-31→ Common Stock (1,651,417 underlying) - Exercise of In-Money
Common Stock
2007-02-06$13.90/sh−374,035$5,199,087→ 4,858,299 total
Footnotes (5)
- [F1]This report is filed jointly by Wachovia Investors, Inc., a wholly-owned subsidiary of Wachovia Corporation ("Wachovia Investors"), Wachovia Corporation, Frederick W. Eubank II and Courtney R. McCarthy. Wachovia Investors and Wachovia Corporation are or may be deemed ten percent beneficial owners. Mr. Eubank and Ms. McCarthy serve on the board of directors of Comsys IT Partners, Inc. as designees of Wachovia Investors.
- [F2]These shares were sold pursuant to the terms of an option agreement dated July 19, 2004 (the "Option Agreement"), which obligates Wachovia Investors to sell the shares at the fixed price of $13.90 per share after receiving an exercise notice from an optionee under the Option Agreement. Such sale was exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended, by virtue of Rule 16b-6.
- [F3]Wachovia Investors is the direct beneficial owner of these securities. Wachovia Corporation may be deemed an indirect owner of these securities by virtue of its 100% ownership of Wachovia Investors. Mr. Eubank and Ms. McCarthy may also be deemed indirect owners of these shares by virtue of their respective employment and compensation arrangements with Wachovia Investors and Wachovia Corporation. Each of Wachovia Corporation, Mr. Eubank and Ms. McCarthy disclaim beneficial ownership of these securities except to the extent of their pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of any of the reported securities for purposes of Section 16 or for any other purpose.
- [F4]This option is exercisable pursuant to the terms of the Option Agreement, subject to certain conditions and restrictions and regardless of whether or not the option is in-the-money at the time of exercise.
- [F5]This option expires pursuant to the Option Agreement with respect to certain shares of common stock on the earlier of (a) December 31, 2007 or (b) the occurrence after December 29, 2004 of certain ownership or fundamental changes in Comsys IT Partners, Inc., and with respect to certain other shares of common stock on the earlier of (x) December 31, 2008 or (y) the occurrence after December 29, 2004 of certain ownership or fundamental changes in Comsys IT Partners, Inc.
Issuer
COMSYS IT PARTNERS INC
CIK 0000948850
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000948850
Filing Metadata
- Form type
- 4
- Filed
- Feb 5, 7:00 PM ET
- Accepted
- Feb 6, 5:25 PM ET
- Size
- 22.2 KB