NETEZZA CORP 4
4 · NETEZZA CORP · Filed Nov 15, 2010
Insider Transaction Report
Form 4
GYENES PETER
Director
Transactions
- Disposition to Issuer
Common Stock
2010-11-10$27.00/sh−18,454$498,258→ 0 total - Disposition to Issuer
Nonstatutory Stock Option (right to buy)
2010-11-10$13.00/sh−50,000$650,000→ 0 totalExercise: $14.00Exp: 2014-11-29→ Common Stock (50,000 underlying)
Footnotes (1)
- [F1]This option was granted on November 29, 2007 and, following acceleration of vesting in connection with a merger agreement between the Issuer and International Business Machines Corporation, was fully vested on November 10, 2010. Pursuant to the terms of the merger agreement this option was cancelled in exchange for a cash payment of $650,000.00, 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.