MCGOVERN MICHAEL 4

Accession 0001209191-08-043644

CIK 0000821616other

View on SEC.gov Company Profile

Filed

Jul 23, 8:00 PM ET

Accepted

Jul 24, 5:22 PM ET

Size

82.9 KB

Accession

0001209191-08-043644

Insider Transaction Report

Form 4

Period: 2008-07-22

BENTLEY PHARMACEUTICALS INCBNT

MCGOVERN MICHAEL

Director10% Owner

Transactions

Disposition to Issuer
Option (Right to Buy)
2008-07-22−5,000→ 0 total
Exercise: $11.48From: 2004-07-31Exp: 2014-06-07→ Common Stock, $0.02 par value (5,000 underlying)
Disposition to Issuer
Option (Right to Buy)
2008-07-22−15,000→ 0 total
Exercise: $10.76From: 2003-05-22Exp: 2012-05-22→ Common Stock, $0.02 par value (15,000 underlying)
Disposition to Issuer
Common Stock, $0.02 par value
2008-07-22$14.82/sh−100,000$1,481,650→ 0 total(indirect: By Spouse)
Disposition to Issuer
Option (Right to Buy)
2008-07-22−69,200→ 0 total
Exercise: $5.51From: 2002-05-09Exp: 2011-05-09→ Common Stock, $0.02 par value (69,200 underlying)
Disposition to Issuer
Option (Right to Buy)
2008-07-22−17,500→ 0 total
Exercise: $9.22From: 2003-07-31Exp: 2013-05-21→ Common Stock, $0.02 par value (17,500 underlying)
Disposition to Issuer
Option (Right to Buy)
2008-07-22−30,000→ 0 total
Exercise: $8.09From: 2004-10-31Exp: 2014-11-10→ Common Stock, $0.02 par value (30,000 underlying)
Disposition to Issuer
Option (Right to Buy)
2008-07-22−20,000→ 0 total
Exercise: $8.40From: 2004-03-21Exp: 2013-03-21→ Common Stock, $0.02 par value (20,000 underlying)
Disposition to Issuer
Option (Right to Buy)
2008-07-22−25,000→ 0 total
Exercise: $8.26From: 2001-04-01Exp: 2010-04-01→ Common Stock, $0.02 par value (25,000 underlying)
Disposition to Issuer
Common Stock, $0.02 par value
2008-07-22$14.82/sh−2,575,228$38,155,866→ 0 total

Footnotes (32)

[F1]Disposed of in connection with the merger of Beryllium Merger Corporation ("Acquisition Sub") with and into Bentley Pharmaceuticals, Inc. ("Bentley"), effective July 22, 2008 (the "Effective Time"), (the "Merger"), pursuant to the Agreement and Plan of Merger, dated as of March 31, 2008, by and among Bentley, Teva Pharmaceutical Industries, Ltd. and Acquisition Sub (the "Merger Agreement"). In connection with the Merger, each share of Common Stock listed in Table I was exchanged for the right to receive $14.8165, per share in cash.
[F10]This option was cancelled in the Merger in exchange for a cash payment of $145,437.50, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F11]This option was cancelled in the Merger in exchange for a cash payment of $60,885.00, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F12]This option was cancelled in the Merger in exchange for a cash payment of $60,885.00, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F13]This option was cancelled in the Merger in exchange for a cash payment of $114,905.00, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F14]This option was cancelled in the Merger in exchange for a cash payment of $114,905.00, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F15]This option was cancelled in the Merger in exchange for a cash payment of $128,288.00, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F16]This option was cancelled in the Merger in exchange for a cash payment of $128,288.00, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F17]This option was cancelled in the Merger in exchange for a cash payment of $97,949.25, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F18]This option was cancelled in the Merger in exchange for a cash payment of $97,949.25, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F19]This option was cancelled in the Merger in exchange for a cash payment of $97,949.25, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F2]Represents shares Mr. McGovern provided his spouse by a bona fide gift on 12/7/2006.
[F20]This option was cancelled in the Merger in exchange for a cash payment of $97,949.25, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F21]This option was cancelled in the Merger in exchange for a cash payment of $61,072.50, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F22]This option was cancelled in the Merger in exchange for a cash payment of $16,691.00, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F23]This option was cancelled in the Merger in exchange for a cash payment of $16,691.00, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F24]This option was cancelled in the Merger in exchange for a cash payment of $16,691.00, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F25]This option was cancelled in the Merger in exchange for a cash payment of $16,691.00, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F26]This option was cancelled in the Merger in exchange for a cash payment of $201,936.00, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F27]This option was cancelled in the Merger in exchange for a cash payment of $100,968.00, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F28]This option was cancelled in the Merger in exchange for a cash payment of $100,968.00, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F29]This option was cancelled in the Merger in exchange for a cash payment of $98,260.00, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F3]This option was cancelled in the Merger in exchange for a cash payment of $163,802.50, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F30]This option was cancelled in the Merger in exchange for a cash payment of $98,260.00, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F31]This option was cancelled in the Merger in exchange for a cash payment of $98,260.00, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F32]This option was cancelled in the Merger in exchange for a cash payment of $98,260.00, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F4]This option was cancelled in the Merger in exchange for a cash payment of $175,280.00, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F5]This option was cancelled in the Merger in exchange for a cash payment of $123,627.50, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F6]This option was cancelled in the Merger in exchange for a cash payment of $644,037.48, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F7]This option was cancelled in the Merger in exchange for a cash payment of $239,560.00, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F8]This option was cancelled in the Merger in exchange for a cash payment of $207,420.00, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F9]This option was cancelled in the Merger in exchange for a cash payment of $145,437.50, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.

Documents

1 file

4
doc4.xmlPrimary
FORM 4 SUBMISSION

Issuer

BENTLEY PHARMACEUTICALS INC

CIK 0000821616

→

Entity typeother

Related Parties

filerCIK 0001031294

Filing Metadata

Form type: 4
Filed: Jul 23, 8:00 PM ET
Accepted: Jul 24, 5:22 PM ET
Size: 82.9 KB

View on SEC.gov