Wells Clifford Lee 4
4 · Patriot Capital Funding, Inc. · Filed Dec 10, 2009
Insider Transaction Report
Form 4
Wells Clifford Lee
EVP, Chief Compliance Officer
Transactions
- Disposition to Issuer
Common Stock
2009-12-02−6,278→ 0 total - Disposition to Issuer
Common Stock
2009-12-02−37,500→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2009-12-02−32,500→ 0 totalExercise: $10.97Exp: 2016-06-26→ Common Stock (32,500 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2009-12-02−46,961→ 0 totalExercise: $14.00Exp: 2015-07-27→ Common Stock (46,961 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2009-12-02−15,500→ 0 totalExercise: $14.38Exp: 2017-02-23→ Common Stock (15,500 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2009-12-02−72,500→ 0 totalExercise: $10.91Exp: 2018-02-27→ Common Stock (72,500 underlying)
Footnotes (4)
- [F1]Includes 3,345 shares of common stock acquired through a stock dividend paid by Patriot Capital Funding, Inc.
- [F2]Disposed of pursuant to the merger agreement between Patriot Capital Funding, Inc. and Prospect Capital Corporation in exchange for 2,285 shares of Prospect Capital Corporation common stock having a market value of $10.99 per share on the effective date of the merger.
- [F3]Represents restricted shares of common stock issued pursuant to the Patriot Capital Funding, Inc. Employee Restricted Stock Plan. Pursuant to the merger agreement between Patriot Capital Funding, Inc. and Prospect Capital Corporation, the shares of restricted stock (i) became fully vested and all restrictions with respect to the shares lapsed immediately prior to the effective date of the merger and (ii) 12,769 shares of such common stock were cancelled in exchange for a cash payment of $49,799.10 and the remaining such shares of common stock were disposed of in exchange for 9,002 shares of Prospect Capital Corporation common stock having a market value of $10.99 per share on the effective date of the merger.
- [F4]Pursuant to the merger agreement between Patriot Capital Funding, Inc. and Prospect Capital Corporation, all of the options to purchase shares of Patriot Capital Funding, Inc. common stock granted pursuant to the Patriot Capital Funding, Inc. Amended Stock Option Plan were cancelled in exchange for the payment in cash of $0.01 per share of common stock for which each option is exercisable for an aggregate cash payment of $1,674.61.