Chaparral Steel CO 4
4 · Chaparral Steel CO · Filed Sep 17, 2007
Insider Transaction Report
Form 4
Hughes J Celtyn
VP & Chief Financial Officer
Transactions
- Disposition to Issuer
Stock Option (right to purchase)
2007-09-14$23.14/sh−5,169$119,594→ 0 totalExercise: $62.86Exp: 2017-04-11→ Common Stock (5,169 underlying) - Disposition to Issuer
Common Stock
2007-09-14$86.00/sh−2,329.908$200,372→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Stock Option (right to purchase)
2007-09-14$75.88/sh−32,000$2,428,080→ 0 totalExercise: $10.12Exp: 2015-08-02→ Common Stock (32,000 underlying) - Disposition to Issuer
Stock Option (right to purchase)
2007-09-14$78.36/sh−14,402$1,128,469→ 0 totalExercise: $7.64Exp: 2015-01-11→ Common Stock (14,402 underlying) - Disposition to Issuer
Stock Option (right to purchase)
2007-09-14$47.21/sh−8,378$395,517→ 0 totalExercise: $38.79Exp: 2016-10-11→ Common Stock (8,378 underlying) - Disposition to Issuer
Stock Option (right to purchase)
2007-09-14$83.33/sh−20,808$1,733,827→ 0 totalExercise: $2.67Exp: 2013-05-15→ Common Stock (20,808 underlying) - Disposition to Issuer
Common Stock
2007-09-14$86.00/sh−52,231$4,491,866→ 0 total - Disposition to Issuer
Stock Option (right to purchase)
2007-09-14$82.92/sh−16,006$1,327,218→ 0 totalExercise: $3.08Exp: 2013-01-15→ Common Stock (16,006 underlying)
Footnotes (2)
- [F1]These shares were disposed of in connection with Chaparral Steel Company's acquisition by Gerdau Ameristeel Corporation (effective September 14, 2007) (the "Acquisition"). Pursuant to the merger agreement, the reporting person is entitled to receive a cash payment equal to $86 multiplied by the number of shares which were disposed of in connection with the Acquisition.
- [F2]These options, including options which were scheduled to vest in the future, were cancelled in connection the Acquisition. Pursuant to the merger agreement, the reporting person is entitled to receive a cash payment equal to the difference between $86 and the exercise price of the subject options multiplied by the number of options which were cancelled in connection with the Acquisition.