Flynn Megan E 4
4 · REWARDS NETWORK INC · Filed Dec 15, 2010
Insider Transaction Report
Form 4
Flynn Megan E
SVP, Mktg and Bus Dev.
Transactions
- Award
Common Stock
2010-12-14+2,062→ 39,421 total - Disposition from Tender
Common Stock
2010-12-14$13.75/sh−16,411$225,651→ 0 total - Disposition from Tender
Common Stock
2010-12-14$13.75/sh−23,010$316,388→ 16,411 total - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2010-12-14$0.82/sh−7,784$6,383→ 0 totalExercise: $12.93Exp: 2012-01-14→ Common Stock (7,784 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2010-12-14−9,730→ 0 totalExercise: $20.56Exp: 2013-04-14→ Common Stock (9,730 underlying)
Footnotes (4)
- [F1]Represents restricted stock units, with respect to which certain performance-based conditions were satisfied on December 14, 2010. Such restricted stock units may be settled for stock only.
- [F2]Represents restricted stock units that vested upon the change in control that occurred on December 14, 2010 and were converted into the right to receive $13.75 per share pursuant to the Agreement and Plan of Merger, dated October 28, 2010 by and among Rewards Network Inc., EGI Acquisition Parent, L.L.C. and EGI Acquisition, L.L.C.
- [F3]This option was cancelled in the merger and automatically ceased to exist in exchange for a cash payment of $6,382.88, representing the product of (i) the excess of (x) $13.75 over (y) the per share exercise price of such option and (ii) the number of shares subject to such option as of the Effective Time, pursuant to the Agreement and Plan of Merger, dated October 28, 2010 by and among Rewards Network Inc., EGI Acquisition Parent, L.L.C. and EGI Acquisition, L.L.C.
- [F4]This option was cancelled in the merger and automatically ceased to exist without cash payment because the exercise price was greater than $13.75 per share, pursuant to the Agreement and Plan of Merger, dated October 28, 2010 by and among Rewards Network Inc., EGI Acquisition Parent, L.L.C. and EGI Acquisition, L.L.C.