Parnell Sally A. 4
4 · ODYSSEY HEALTHCARE INC · Filed Aug 18, 2010
Insider Transaction Report
Form 4
Parnell Sally A.
SVP, Clinical Affairs
Transactions
- Disposition to Issuer
Restricted Stock Units
2010-08-17−6,984→ 0 totalExercise: $0.00→ Common Stock (6,984 underlying) - Disposition to Issuer
Restricted Stock Units
2010-08-17−20,950→ 0 totalExercise: $0.00→ Common Stock (20,950 underlying) - Disposition to Issuer
Common Stock, par value $0.001 per share
2010-08-17−4,986→ 0 total - Disposition to Issuer
Restricted Stock Units
2010-08-17−6,321→ 0 totalExercise: $0.00→ Common Stock (6,321 underlying)
Footnotes (2)
- [F1]Disposed of in connection with the merger of a subsidiary of the Issuer with Gentiva Health Services, Inc., effective August 17, 2010 (the "Merger"), pursuant to the Agreement and Plan of Merger, dated May 23, 2010 (the "Merger Agreement"), among the Issuer, Gentiva Health Services, Inc., and GTO Acquisition Corp., pursuant to which each issued and outstanding share of the Issuer's common stock owned immediately prior to the effective time of the Merger was exchanged for the right to receive $27.00 per share in cash, without interest and subject to any required withholding of taxes, less, in the case of stock options, the per share exercise price of the option. If the per share exercise price for an option is equal to or greater than $27.00, then the option was cancelled for no consideration.
- [F2]Pursuant to the Merger Agreement, the restricted stock units vested in connection with the Merger and were cancelled and automatically converted into the right to receive $27.00 per underlying share of the Issuer's common stock in cash, without interest and subject to any required withholding of taxes.