WHITE ELECTRONIC DESIGNS CORP 4
4 · WHITE ELECTRONIC DESIGNS CORP · Filed Apr 30, 2010
Insider Transaction Report
Form 4
QUADROS PAUL D
Director
Transactions
- Disposition from Tender
Common Stock
2010-04-28$7.00/sh−20,000$140,000→ 0 total - Other
Restricted Stock Awards
2010-04-30$7.00/sh−17,500$122,500→ 0 total - Other
Stock Options
2010-04-30$7.00/sh−15,000$105,000→ 15,000 totalExercise: $5.15Exp: 2015-03-15→ Common Stock (15,000 underlying)
Footnotes (3)
- [F1]The shares subject to the restricted stock award were accelerated at the Effective Time of the merger (the "Merger") between White Electronic Designs Corporation ("White") and Rabbit Acquisition Corp., an Indiana corporation and wholly-owned subsidiary of Microsemi ("Rabbit"), pursuant to the Agreement and Plan of Merger, dated March 29, 2010, by and among White, Rabbit and Microsemi Corporation, a Delaware corporation ("Microsemi") and were canceled and automatically converted into the right to receive the consideration set forth therein.
- [F2]The options vested 33 1/3% annually on 3/10/2006, 3/10/2007 and 3/10/2008.
- [F3]The vested shares subject to the stock option were canceled at the Effective Time of the Merger between White and Rabbit, pursuant to the Agreement and Plan of Merger, dated March 29, 2010 by and among White, Rabbit and Microsemi and were automatically converted into the right to receive the consideration set forth therein.