4//SEC Filing
BORLAND SOFTWARE CORP 4
Accession 0001209191-09-038105
CIK 0000853273operating
Filed
Jul 28, 8:00 PM ET
Accepted
Jul 29, 5:22 PM ET
Size
6.7 KB
Accession
0001209191-09-038105
Insider Transaction Report
Form 4
HOOPER WILLIAM K
Director
Transactions
- Disposition to IssuerSwap
Stock Option (Right to buy Common Stock)
2009-07-27$0.21/sh−16,500$3,465→ 0 totalExercise: $1.29Exp: 2018-07-01→ Common Stock (16,500 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 $3,465, 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.
Documents
Issuer
BORLAND SOFTWARE CORP
CIK 0000853273
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000853273
Filing Metadata
- Form type
- 4
- Filed
- Jul 28, 8:00 PM ET
- Accepted
- Jul 29, 5:22 PM ET
- Size
- 6.7 KB