ZILA INC 4
4 · ZILA INC · Filed Sep 18, 2009
Insider Transaction Report
Form 4
ZILA INCZILA
BETHUNE DAVID R
DirectorChairman & CEO
Transactions
- Tax Payment
Common Stock
2009-09-18$0.45/sh−763$343→ 57,171 total - Disposition to Issuer
Common Stock
2009-09-18$0.45/sh−57,171$25,727→ 0 total
Footnotes (2)
- [F1]In connection with the merger of Project Z Acquistion Sub, Inc. with and into the Issuer, effective on September 18, 2009, the restrictions on 2,381 shares lapsed immediately prior to the effectiveness of the merger. This represents shares withheld in order to pay withholding taxes on the vesting of the restricted stock award.
- [F2]Pursuant to the Agreement and Plan of Merger, dated as of June 25, 2009, by and among the Issuer, TOLMAR Holding, Inc. and Project Z Acquisition Sub, Inc., as amended, each share of the Issuer's common stock outstanding immediately prior to the effectiveness of the merger on September 18, 2009 was cancelled and converted into the right to receive $0.45 in cash.