AIRVANA INC 4
4 · AIRVANA INC · Filed Apr 13, 2010
Insider Transaction Report
Form 4
AIRVANA INCAIRV
THORNLEY ANTHONY S
Director
Transactions
- Disposition to Issuer
Common Stock
2010-04-09−20,000→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2010-04-09$2.43/sh−18,754$45,572→ 0 totalExercise: $5.22Exp: 2019-05-18→ Common Stock (18,754 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2010-04-09$0.21/sh−37,509$7,952→ 0 totalExercise: $7.44Exp: 2017-06-20→ Common Stock (37,509 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2010-04-09$1.94/sh−18,754$36,383→ 0 totalExercise: $5.71Exp: 2018-05-21→ Common Stock (18,754 underlying)
Footnotes (4)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of December 17, 2009, by and among the issuer, 72 Mobile Holdings, LLC and 72 Mobile Acquisition Corp. in exchange for a cash payment of $153,000 ($7.65 per share) on the effective date of the merger.
- [F2]This option, which provided for vesting as to 25% of the underlying shares on June 21, 2008 and as to an additional 6.25% each three-month period thereafter until the fourth anniversary of the date of grant, was canceled in the merger in exchange for a cash payment of $7,951.90 representing the difference between the exercise price of the option and the market value of the underlying common stock on the effective date of the merger ($7.65 per share).
- [F3]This option, which provided for vesting as to 50% of the shares on the first anniversary of the date of grant and with respect to an additional 12.5% of the shares at the end of each successive three-month period thereafter until the second anniversary of the date of grant, was canceled in the merger in exchange for a cash payment of $36,382.76 representing the difference between the exercise price of the option and the market value of the underlying common stock on the effective date of the merger ($7.65 per share).
- [F4]This option, which provided for vesting as to 50% of the shares on the first anniversary of the date of grant and with respect to an additional 12.5% of the shares at the end of each successive three-month period thereafter until the second anniversary of the date of grant, was canceled in the merger in exchange for a cash payment of $45,572.22 representing the difference between the exercise price of the option and the market value of the underlying common stock on the effective date of the merger ($7.65 per share).