Garrett John Steven 4
4 · ZILA INC · Filed Sep 18, 2009
Insider Transaction Report
Form 4
ZILA INCZILA
Garrett John Steven
Director
Transactions
- Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2009-09-18$0.11/sh−10,000$1,100→ 0 totalExercise: $0.34Exp: 2013-12-11→ Common Stock (10,000 underlying) - Disposition to Issuer
Common Stock
2009-09-18$0.45/sh−5,371$2,417→ 0 total
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), 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.
- [F2]Pursuant to the Merger Agreement, this option was cancelled in the merger in exchange for a cash payment of $1,100 representing the difference between the exercise price of the option and the merger consideration ($0.45).