4//SEC Filing
OBRIEN TIMOTHY C 4
Accession 0001209191-07-061145
CIK 0001017172other
Filed
Oct 31, 8:00 PM ET
Accepted
Nov 1, 6:25 PM ET
Size
17.1 KB
Accession
0001209191-07-061145
Insider Transaction Report
Form 4
OBRIEN TIMOTHY C
Chief Financial Officer
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2007-11-01−30,000→ 0 totalExercise: $13.17From: 2006-05-09Exp: 2016-05-09→ Common Stock (30,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2007-11-01−170,000→ 0 totalExercise: $5.50From: 2004-07-01Exp: 2014-07-01→ Common Stock (170,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2007-11-01−40,000→ 0 totalExercise: $16.10From: 2006-02-27Exp: 2017-02-27→ Common Stock (40,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2007-11-01−75,000→ 0 totalExercise: $6.16From: 2005-01-13Exp: 2015-01-13→ Common Stock (75,000 underlying) - Disposition to Issuer
Common Stock
2007-11-01−2,922→ 0 total - Disposition to Issuer
Common Stock
2007-11-01−6,875→ 0 total
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
Issuer
Authorize.Net Holdings, Inc.
CIK 0001017172
Entity typeother
Related Parties
1- filerCIK 0001295327
Filing Metadata
- Form type
- 4
- Filed
- Oct 31, 8:00 PM ET
- Accepted
- Nov 1, 6:25 PM ET
- Size
- 17.1 KB