Banks Roy 4

Accession 0001209191-07-061136

CIK 0001017172other

Filed

Oct 31, 8:00 PM ET

Accepted

Nov 1, 6:15 PM ET

Size

21.6 KB

Accession

0001209191-07-061136

Form 4

Period: 2007-11-01

President of Authorize.Net

Transactions

Disposition to Issuer
Stock Option (right to buy)
2007-11-01−6,563→ 0 total
Exercise: $4.67From: 2004-09-15Exp: 2014-09-15→ Common Stock (6,563 underlying)
Disposition to Issuer
Stock Option (right to buy)
2007-11-01−40,000→ 0 total
Exercise: $13.17From: 2006-05-09Exp: 2016-05-09→ Common Stock (40,000 underlying)
Disposition to Issuer
Common Stock
2007-11-01−2,422→ 0 total
Disposition to Issuer
Stock Option (right to buy)
2007-11-01−10,938→ 0 total
Exercise: $4.90From: 2004-10-01Exp: 2014-10-01→ Common Stock (10,938 underlying)
Disposition to Issuer
Stock Option (right to buy)
2007-11-01−45,000→ 0 total
Exercise: $16.10From: 2007-02-27Exp: 2017-02-27→ Common Stock (45,000 underlying)
Disposition to Issuer
Stock Option (right to buy)
2007-11-01−18,750→ 0 total
Exercise: $6.36From: 2004-04-01Exp: 2014-04-01→ Common Stock (18,750 underlying)
Disposition to Issuer
Common Stock
2007-11-01−6,875→ 0 total
Disposition to Issuer
Stock Option (right to buy)
2007-11-01−50,749→ 0 total
Exercise: $6.16From: 2005-01-13Exp: 2015-01-13→ Common Stock (50,749 underlying)

Footnotes (3)

[F1]Represents unvested shares accelerated and disposed of pursuant to the Agreement and Plan of Reorganization dated June 17, 2007 (the "Merger Agreement") between issuer and CyberSource Corporation in exchange for a cash payment equal to the "cash exchange ratio" as defined in the Merger Agreement ($4.42 per share) plus an amount determined by multiplying 1.1611 by the closing price of CyberSource stock for the ten trading days immediately preceding the closing of the merger ($16.01 per share).
[F2]Represents shares disposed of pursuant to the Merger Agreement between issuer and CyberSource in exchange for shares of CyberSource common stock and cash on the closing of the merger. Each share of the issuer is being exchanged for 1.1611 shares of CyberSource common stock plus the "cash exchange ratio" as defined in the Merger Agreement ($4.42 per share).
[F3]This option was accelerated and cancelled pursuant to the Merger Agreement in exchange for a cash payment equal to the "cash exchange ratio" as defined the Merger Agreement ($4.42 per share) plus an amount determined by multiplying 1.1611 by the difference between (a) the average closing price of CyberSource common stock for the ten trading days immediately preceding the closing of the merger ($16.01 per share) and (b) the option exercise price.

Documents

1 file

Authorize.Net Holdings, Inc.

CIK 0001017172

Entity typeother