4//SEC Filing
Baum James 4
Accession 0001209191-10-054812
CIK 0001132484other
Filed
Nov 11, 7:00 PM ET
Accepted
Nov 12, 6:49 PM ET
Size
16.8 KB
Accession
0001209191-10-054812
Insider Transaction Report
Form 4
Baum James
DirectorPresident & CEO
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2010-11-10$24.50/sh−550,000$13,475,000→ 0 totalExercise: $2.50Exp: 2016-08-10→ Common Stock (550,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2010-11-10$20.30/sh−50,000$1,015,000→ 0 totalExercise: $6.70Exp: 2017-02-14→ Common Stock (50,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2010-11-10−200,000→ 0 totalExercise: $9.90Exp: 2015-03-03→ Common Stock (200,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2010-11-10−280,000→ 0 totalExercise: $5.98Exp: 2016-03-09→ Common Stock (280,000 underlying) - Disposition to Issuer
Common Stock
2010-11-10−75,000→ 0 total
Footnotes (5)
- [F1]Disposition, pursuant to a merger agreement between the Issuer and International Business Machines Corporation ("IBM"), of (i) 18,750 vested restricted stock units granted under the Issuer's 2007 Stock Incentive Plan ("Netezza RSUs") in exchange for a cash payment of $27 per unit and (ii) 56,250 unvested Netezza RSUs in exchange for restricted stock units with respect to shares of IBM common stock ("IBM RSUs") using an exchange ratio of 0.189713 IBM RSUs for each Netezza RSU.
- [F2]This option was granted on August 10, 2006 and, following acceleration of vesting in connection with the merger, was fully vested on November 10, 2010. Pursuant to the term of the merger agreement this option was cancelled in exchange for a cash payment of $13,475,000, representing the aggregate difference between the exercise price of the option and the merger consideration of $27.00 per share of common stock with respect to all remaining unexercised shares subject to the option.
- [F3]This option was granted on February 14, 2007 and, following acceleration of vesting in connection with the merger, was vested as to 50,000 shares on November 10, 2010. Pursuant to the terms of the merger agreement this option was cancelled in full in exchange for a cash payment of $1,015,000, representing the aggregate difference between the exercise price of the option and the merger consideration of $27.00 per share of common stock with respect to all remaining unexercised shares subject to the option.
- [F4]This option was granted on March 3, 2008 and, following acceleration of vesting in connection with the merger, was vested as to 139,999 shares on November 10, 2010. Pursuant to the terms of the merger agreement this option was, (i) with respect to 139,999 vested shares, cancelled in exchange for a cash payment of $17.10/share, representing the aggregate difference between the exercise price of the option and the merger consideration of $27.00 per share of common stock; and, (ii) with respect to 60,001 unvested shares, was converted into an option to acquire shares of IBM common stock at an exercise price of $52.19/share, with the right to acquire each Issuer share converted into the right to acquire 0.189713 shares of IBM common stock.
- [F5]This option was granted on March 9, 2009 and, following acceleration of vesting in connection with the merger, was vested as to 139,999 shares on November 10, 2010. Pursuant to the terms of the merger agreement this option was, (i) with respect to 139,999 vested shares, cancelled in exchange for a cash payment of $21.02/share, representing the aggregate difference between the exercise price of the option and the merger consideration of $27.00 per share of common stock; and, (ii) with respect to 140,001 unvested shares, was converted into an option to acquire shares of IBM common stock at an exercise price of $31.53/share, with the right to acquire each Issuer share converted into the right to acquire 0.189713 shares of IBM common stock.
Documents
Issuer
NETEZZA CORP
CIK 0001132484
Entity typeother
Related Parties
1- filerCIK 0001404933
Filing Metadata
- Form type
- 4
- Filed
- Nov 11, 7:00 PM ET
- Accepted
- Nov 12, 6:49 PM ET
- Size
- 16.8 KB