Unkart Edward W 4
4 · VNUS MEDICAL TECHNOLOGIES INC · Filed May 22, 2009
Insider Transaction Report
Form 4
Unkart Edward W
Director
Transactions
- Award
Common Stock
2009-05-20+5,000→ 10,250 total
Footnotes (2)
- [F1]The Reporting Person is entitled to receive one (1) share of common stock for each one (1) restricted stock unit. 25% of the restricted stock units vest every three (3) months measured from May 20, 2009, such that 100% of the restricted stock units will be fully vested on May 20, 2010.
- [F2]Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of May 7, 2009, by and among VNUS Medical Technologies, Inc. (the "Company"), Covidien Group S.a.r.l. and Covidien Delaware Corp., 1,250 of the 5,000 restricted stock units set forth above which are outstanding immediately prior to the Effective Time of the Merger (each as defined in the Merger Agreement) will become vested and will be cancelled at the Effective Time in exchange for an amount in cash equal to the product of the per share Consideration (as defined in the Merger Agreement) and the number of shares of common stock of the Company into which the vested portion of such restricted stock units would otherwise be convertible.