SPSS INC 4
4 · SPSS INC · Filed Oct 5, 2009
Insider Transaction Report
Form 4
SPSS INCSPSS
MORRISON PATRICIA
Director
Transactions
- Disposition to Issuer
Common Stock, $0.01 par value
2009-10-02$50.00/sh−2,514$125,700→ 0 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2009-10-02$19.27/sh−5,000$96,350→ 0 totalExercise: $30.73From: 2009-05-01Exp: 2019-04-30→ Common Stock (5,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2009-10-02$13.48/sh−10,000$134,800→ 0 totalExercise: $36.52From: 2008-01-13Exp: 2017-12-12→ Common Stock (10,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2009-10-02$8.02/sh−5,000$40,100→ 0 totalExercise: $41.98From: 2008-05-01Exp: 2018-04-30→ Common Stock (5,000 underlying)
Footnotes (4)
- [F1]These shares of SPSS common stock were granted in the form of deferred share units ("DSUs"). Each DSU represents the right to receive one share of SPSS common stock. The unvested DSUs were to vest on the earlier of the one year anniversary of the grant date or the date on which the reporting person's directorship terminates other than for cause. 50% of the DSUs were to be paid on the date that the reporting person separated from service with SPSS and 50% of the DSUs were to be paid six months after such date. However, in accordance with the terms of the grant and the merger agreement pursuant to which International Business Machines Corporation acquired SPSS, in exchange for these DSUs, the reporting person became entitled to receive a cash payment equal to the merger consideration ($50.00) multipled by the number of shares of common stock subject to the DSUs.
- [F2]These options vested immediately upon the grant date.
- [F3]In accordance with the terms of the grant and the merger agreement pursuant to which International Business Machines Corporation acquired SPSS, in exchange for these options, the reporting person became entitled to receive a cash payment equal the number of shares of common stock subject to the options multipled by the difference between the merger consideration ($50.00) and the exercise price of the option.
- [F4]These options are subject to a three-year vesting schedule, under which an equal portion of the total option becomes exercisable at the conclusion of each month following the vesting commencement date through the first, second and third years following the vesting commencement date.