BORLAND SOFTWARE CORP 4
4 · BORLAND SOFTWARE CORP · Filed Jul 29, 2009
Insider Transaction Report
Form 4
NEVENS THOMAS MICHAEL
Director
Transactions
- Disposition to Issuer
Stock Option (Right to buy Common Stock)
2009-07-27$0.21/sh−15,500$3,255→ 0 totalExercise: $1.29Exp: 2018-07-01→ Common Stock (15,500 underlying)
Footnotes (1)
- [F1]This option was immediately vested, however, any unvested shares purchased under the option was subject to repurchase by the issuer and the right to repurchase lapsed 1/3 on July 1, 2009 and 1/36th of the shares would have lapsed each month thereafter. This option accelerated in full as a result of the merger under an Agreement and Plan of Merger between the issuer, Micro Focus (USA),Inc., Micro Focus International plc and Bentley Merger Sub, Inc. dated May 5, 2009 as amended (The "Merger Agreement"), and was cancelled in exchange for cash payment of $3,255, representing the difference between the exchange price of $1.29 per share and the consideration of $1.50 per share pursuant to the Merger Agreement.