BIOVERIS CORP 4
4 · BIOVERIS CORP · Filed Jun 28, 2007
Insider Transaction Report
Form 4
BIOVERIS CORPBIOV
REES ANTHONY R
Director
Transactions
- Disposition to Issuer
Common Stock
2007-06-26$21.50/sh−8,600$184,900→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2007-06-26−16,000→ 0 totalExercise: $9.40From: 2007-06-26→ Common Stock (16,000 underlying)
Footnotes (4)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger ("merger agreement"), dated as of April 4, 2007, among the Issuer, Roche Holding Ltd and Lili Acquisition Corporation, in exchange for the right to receive $21.50 in cash, without interest, per share of Common Stock of the Issuer held by the reporting person.
- [F2]The amount set forth in the "Conversion or Exercise Price of Derivative Security" column is calculated based upon the average exercise price per share of the options outstanding held by the reporting person.
- [F3]These options were cancelled pursuant to the merger agreement in exchange for the right to receive a cash payment equal to the product of the number of shares subject to such option multiplied by the excess, if any, of (a) $21.50 per share over (b) the exercise price of such option.
- [F4]All options expire after June 26, 2007.