PHOENIX TECHNOLOGIES LTD 4
4 · PHOENIX TECHNOLOGIES LTD · Filed Nov 24, 2010
Insider Transaction Report
Form 4
FULLER DALE L
Other
Transactions
- Disposition from Tender
Option (Right to Buy)
2010-11-23$1.53/sh−10,000$15,300→ 0 totalExercise: $2.67Exp: 2019-11-25→ Common Stock (10,000 underlying) - Disposition from Tender
Common Stock
2010-11-23$4.20/sh−70,000$294,000→ 0 total - Disposition from Tender
Option (Right to Buy)
2010-11-23$1.53/sh−30,000$45,900→ 0 totalExercise: $2.67Exp: 2019-11-25→ Common Stock (30,000 underlying)
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger among Pharaoh Acquisition LLC, Pharaoh Merger Sub Corp and Issuer dated as of August 17, 2010 and as subsequently amended (the "Merger Agreement"), the shares were disposed of in exchange for the merger consideration of $4.20 per share.
- [F2]Pursuant to the Merger Agreement, each outstanding and unexercised option to purchase Common Stock, whether or not vested or exercisable, became fully vested and exercisable as of the effective time of the merger and was cancelled in exchange for a cash payment equal to the difference between the exercise price of the option and the merger consideration of $4.20 per share; options with an exercise price equal to or greater than $4.20 were cancelled without payment of any consideration.