KEITHLEY INSTRUMENTS INC 4
4 · KEITHLEY INSTRUMENTS INC · Filed Dec 10, 2010
Insider Transaction Report
Form 4
Faia Daniel A
VP WW Sales & Support
Transactions
- Disposition to Issuer
Common Stock Option
2010-12-08$18.44/sh−70,000$1,290,800→ 0 totalExercise: $3.16From: 2011-02-09Exp: 2019-02-09→ Common Shares (70,000 underlying) - Disposition to Issuer
Performance Award Unit
2010-12-08$21.60/sh+9,450$204,120→ 0 totalExercise: $0.00From: 2012-09-30→ Common Shares (9,450 underlying) - Disposition to Issuer
Restricted Unit Award
2010-12-08$21.60/sh+6,300$136,080→ 0 totalExercise: $0.00→ Common Shares (6,300 underlying) - Disposition to Issuer
Common Stock Option
2010-12-08$17.34/sh+18,850$326,859→ 0 totalExercise: $4.26From: 2011-12-04Exp: 2019-12-04→ Common Shares (18,850 underlying)
Footnotes (5)
- [F1]The options were cancelled pursuant to the Agreement and Plan of Merger, dated as of September 29, 2010 ("Merger Agreement") by and among Danaher Corporation, Aegean Acquisition Corp. and the Issuer in exchange for the merger consideration of $21.60 in cash per share, less the exercise price of $3.16.
- [F2]The options were cancelled pursuant to the Agreement and Plan of Merger, dated as of September 29, 2010 ("Merger Agreement") by and among Danaher Corporation, Aegean Acquisition Corp. and the Issuer in exchange for the merger consideration of $21.60 in cash per share, less the exercise price of $4.26.
- [F3]The award was cancelled pursuant to the Merger Agreement in exchange for the merger consideration of $21.60 in cash per unit.
- [F4]Each Performance Award Unit represented a right to receive one common share. The number of units comprising the initial award were to be adjusted (ranging from a maximum of twice the number of units comprising the initial award, to a minimum of no units), based on award program metrics that compare the Company's total shareholder return performance occurring during the Measurement Period to comparable total shareholder return performance reported by companies in the Russell Microcap Index. Awarded units earned based on these metrics as of September 30, 2012 (the vesting date) were to be converted to shares under the Plan and issued on or before December 31, 2012.
- [F5]Restricted unit awards were to become fully vested on December 4, 2013. Common Shares represented by such vested restricted unit awards were to be delivered promptly after such vesting date.