4//SEC Filing
NOVAK RICHARD E 4
Accession 0001209191-09-038063
CIK 0000853273other
Filed
Jul 28, 8:00 PM ET
Accepted
Jul 29, 4:58 PM ET
Size
6.4 KB
Accession
0001209191-09-038063
Insider Transaction Report
Form 4
NOVAK RICHARD E
SVP Worldwide Field Operations
Transactions
- Disposition to Issuer
Stock Option (Right to buy Common Stock)
2009-07-27$1.08/sh−75,000$81,000→ 0 totalExercise: $0.42Exp: 2019-02-27→ Common Stock (75,000 underlying)
Footnotes (1)
- [F1]This option provided for vesting as follows: 25% of the option shares would have become exercisable on February 27, 2010 and 1/48th of the shares would have vested each month thereafter. The option accelerated in full as a result of the merger under the Merger Agreement, and was cancelled in exchange for a cash payment of $81,000, representing the difference between the exercise price of the option of $0.42 per share and the consideration of $1.50 per share pursuant to the Merger Agreement.
Documents
Issuer
BORLAND SOFTWARE CORP
CIK 0000853273
Entity typeother
Related Parties
1- filerCIK 0001217568
Filing Metadata
- Form type
- 4
- Filed
- Jul 28, 8:00 PM ET
- Accepted
- Jul 29, 4:58 PM ET
- Size
- 6.4 KB