ATS MEDICAL INC 4

Accession 0001209191-10-042225

CIK 0000824068operating

Filed

Aug 11, 8:00 PM ET

Accepted

Aug 12, 12:44 PM ET

Size

24.6 KB

Accession

0001209191-10-042225

Form 4

Period: 2010-08-12

Chief Executive Officer

Transactions

Disposition to Issuer
Stock Option (Right to Buy)
2010-08-12$4.00/sh−300,000$1,200,000→ 0 total
Exercise: $0.37From: 2003-09-18Exp: 2012-09-18→ Common Stock (300,000 underlying)
Disposition to Issuer
Restricted Stock Unit
2010-08-12$4.00/sh−180,000$720,000→ 0 total
From: 2009-03-15Exp: 2013-03-15→ Common Stock (180,000 underlying)
Disposition to Issuer
Common Stock
2010-08-12−275,872.282→ 0 total
Disposition to Issuer
Restricted Stock Unit
2010-08-12$4.00/sh−400,000$1,600,000→ 0 total
From: 2010-03-15Exp: 2014-03-15→ Common Stock (400,000 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2010-08-12$4.00/sh−50,000$200,000→ 0 total
Exercise: $3.80From: 2004-12-19Exp: 2013-12-19→ Common Stock (50,000 underlying)
Disposition to Issuer
Restricted Stock Unit
2010-08-12$4.00/sh−8,000$32,000→ 0 total
From: 2007-01-10Exp: 2011-01-10→ Common Stock (8,000 underlying)
Disposition to Issuer
Restricted Stock Unit
2010-08-12$4.00/sh−65,116$260,464→ 0 total
From: 2008-03-15Exp: 2012-03-15→ Common Stock (65,116 underlying)
Disposition to Issuer
Restricted Stock Unit
2010-08-12$4.00/sh−120,000$480,000→ 0 total
From: 2009-07-30Exp: 2013-07-30→ Common Stock (120,000 underlying)
Disposition to Issuer
Restricted Stock Units
2010-08-12$4.00/sh−500,000$2,000,000→ 0 total
From: 2011-03-01Exp: 2015-03-01→ Common Stock (500,000 underlying)

Footnotes (6)

[F1]In connection with the merger of a subsidiary of Medtronic, Inc. into Issuer on August 12, 2010 (the "Merger") pursuant to an agreement and plan of merger dated April 28, 2010, all shares of Issuer common stock were converted into the right to receive $4 per share in cash.
[F2]This option was cancelled in the merger in exchange for the right to receive a cash payment equal to the product of (i) the total number of shares subject to the options, multiplied by (ii) the excess, if any, of $4 over the exercise price per share of the shares subject to the option, less any applicable withholding taxes.
[F3]1 unit for 1 share of Common Stock.
[F4]This restricted stock unit, the vesting of which was accelerated in connection with the Merger, was cancelled in the merger in exchange for the right to receive a cash payment equal to the product of (i) the total number of shares of stock represented by the restricted stock unit, multiplied by (ii) $4 per share, less applicable withholding taxes.
[F5]Represents last vesting date.
[F6]Vests in 20% annual cumulative installments begininng the date shown.

Documents

1 file

ATS MEDICAL INC

CIK 0000824068

Entity typeoperating

IncorporatedMN