BLASNIK STEVE 4
4 · PEROT SYSTEMS CORP · Filed Nov 5, 2009
Insider Transaction Report
Form 4
BLASNIK STEVE
Director
Transactions
- Disposition from Tender
Common Stock
2009-11-03$30.00/sh−85,166$2,554,980→ 0 total - Disposition to Issuer
Non-qualified Stock Options
2009-11-03$11.60/sh−40,000$464,000→ 0 totalExercise: $18.40Exp: 2012-05-31→ Common Stock (40,000 underlying)
Footnotes (2)
- [F1]Pursuant to the tender offer commenced under the Agreement and Plan of Merger, dated September 20, 2009, by and among issuer, Dell Inc. and DII-Holdings Inc. (the "Merger Agreement"), the shares of the issuer's Class A Common Stock issued and outstanding (the "Shares") were exchanged for the right to receive $30.00 per Share (the "Offer Price") without interest thereon and less any applicable withholding or stock transfer taxes.
- [F2]The Stock Options vested in 5 equal annual installments beginning on 5/31/03. Pursuant to the Merger Agreement, all outstanding vested Stock Options were cancelled in exchange for a cash payment (without interest) equal to the product of (x) the excess, if any, of the Offer Price over the exercise price or base price, as applicable, per Share of each such Stock Option, multiplied by (y) the total number of Shares subject to such Stock Option.