4//SEC Filing
Flaxman David R 4
Accession 0001209191-10-054826
CIK 0001132484other
Filed
Nov 11, 7:00 PM ET
Accepted
Nov 12, 6:57 PM ET
Size
11.2 KB
Accession
0001209191-10-054826
Insider Transaction Report
Form 4
Flaxman David R
SVP, Products & Technology
Transactions
- Disposition to Issuer
Common Stock
2010-11-10−25,000→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2010-11-10−100,000→ 0 totalExercise: $6.39Exp: 2015-12-31→ Common Stock (100,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2010-11-10−50,000→ 0 totalExercise: $9.60Exp: 2016-08-31→ Common Stock (50,000 underlying)
Footnotes (3)
- [F1]Disposition, pursuant to a merger agreement between the Issuer and International Business Machines Corporation ("IBM") of 25,000 unvested Netezza restricted stock units granted under the Issuer's 2007 Stock Incentive Plan ("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 December 31, 2008 and was vested as to 40,000 shares on November 10, 2010. Pursuant to the terms of the merger agreement, this option was, (i) with respect to 40,000 vested shares, cancelled in exchange for a cash payment of $20.61/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 60,000 unvested shares was converted into an option to acquire shares of IBM common stock at an exercise price of $33.69/share with the right to acquire each Issuer share converted into the right to acquire 0.189713 shares of IBM common stock.
- [F3]This option was granted on August 31,2009 and was vested as to 12,500 shares on November 10, 2010. Pursuant to the terms of the merger agreement, this option was, (i) with respect to 12,500 vested shares, cancelled in exchange for a cash payment of $17.40/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 37,500 unvested shares was converted into an option to acquire shares of IBM common stock at an exercise price of $50.61/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 0001477538
Filing Metadata
- Form type
- 4
- Filed
- Nov 11, 7:00 PM ET
- Accepted
- Nov 12, 6:57 PM ET
- Size
- 11.2 KB