CARRIERO EDWARD M JR 4
4 · SUNAIR SERVICES CORP · Filed Dec 17, 2009
Insider Transaction Report
Form 4
CARRIERO EDWARD M JR
Chief Financial Officer
Transactions
- Other
Stock Options
2009-12-16−17,500→ 0 totalExercise: $6.09→ Common Stock (17,500 underlying) - Other
Stock Options
2009-12-16−30,000→ 0 totalExercise: $1.76→ Common Stock (30,000 underlying) - Other
Stock Options
2009-12-16−10,000→ 0 totalExercise: $1.59→ Common Stock (10,000 underlying) - Discretionary Transaction
Common Stock
2009-12-16$2.75/sh−20,000$55,000→ 0 total(indirect: By Spouse)
Footnotes (2)
- [F1]On December 16, 2009, Sunair Services Corporation was acquired by Massey Services, Inc. with Massey paying $2.75 per share for each share of Sunair's issued and outstanding common stock.
- [F2]In connection with the terms of the merger agreement, each stock option, whether or not exerciseable, was cancelled and the reporting person received consideration equal to the number of shares subject to the option multiplied by the difference between the exercise price and $2.75 per share, with no consideration for stock options having exercise prices greater than $2.75 per share.