ROBSON LORI 4
4 · VNUS MEDICAL TECHNOLOGIES INC · Filed Jun 17, 2009
Insider Transaction Report
Form 4
ROBSON LORI
Director
Transactions
- Disposition to Issuer
Stock Options (right to buy)
2009-06-17−2,250→ 0 totalExercise: $17.05Exp: 2018-05-23→ Common Stock (2,250 underlying) - Disposition from Tender
Common Stock
2009-06-17$29.00/sh−21,750$630,750→ 5,000 total - Disposition to Issuer
Common Stock
2009-06-17$29.00/sh−1,250$36,250→ 0 total - Disposition to Issuer
Stock Options (right to buy)
2009-06-17−10,000→ 0 totalExercise: $7.17Exp: 2016-05-25→ Common Stock (10,000 underlying)
Footnotes (5)
- [F1]These shares were tendered to Covidien Delaware Corp. (the "Purchaser") pursuant to Purchaser's offer to purchase all of the outstanding shares of VNUS Medical Technologies, Inc. (the "Issuer") at a cash purchase price of $29.00 per share, without interest thereon, and less any applicable withholding taxes, subject to the terms described in the Offer to Purchase for Cash filed with the Securities and Exchange Commission on May 18, 2009 (the "Tender Offer") and the Agreement and Plan of Merger, dated as of May 7, 2009, by and among Covidien Group S.a.r.l., the Purchaser and the Issuer (the "Merger"). Such shares were purchased by the Purchaser pursuant to the Tender Offer on June 17, 2009.
- [F2]Represents restricted stock units that vested and were canceled at the effective time of the Merger in exchange for the right to receive a cash payment of $29.00 for each share into which the vested restricted stock units would otherwise be convertible (without interest and less any applicable withholding taxes). The remaining 3,750 restricted stock units, which were granted to the Reporting Person on May 20, 2009, were canceled for no consideration in connection with the Merger.
- [F3]These options, which were fully vested at the effective time of the Merger, were canceled at the effective time of the Merger in exchange for a cash payment of $26,887.50, representing the number of shares of Issuer's common stock underlying such options multiplied by $29.00, less the aggregate exercise price of the options.
- [F4]These options, which were fully vested at the effective time of the Merger, were canceled at the effective time of the Merger in exchange for a cash payment of $218,300.00, representing the number of shares of Issuer's common stock underlying such options multiplied by $29.00, less the aggregate exercise price of the options.
- [F5]These options, which were fully vested at the effective time of the Merger, were canceled at the effective time of the Merger in exchange for a cash payment of $182,600.00, representing the number of shares of Issuer's common stock underlying such options multiplied by $29.00, less the aggregate exercise price of the options.