4//SEC Filing
Frio Lou 4
Accession 0001209191-11-002253
CIK 0001086195other
Filed
Jan 5, 7:00 PM ET
Accepted
Jan 6, 3:49 PM ET
Size
34.8 KB
Accession
0001209191-11-002253
Insider Transaction Report
Form 4
Frio Lou
Sr. Vice President of Services
Transactions
- Disposition to Issuer
RESTRICTED STOCK UNIT
2011-01-05−24,375→ 0 total→ COMMON STOCK (65,000 underlying) - Disposition to Issuer
RESTRICTED STOCK UNIT
2011-01-05−27,500→ 0 total→ COMMON STOCK (55,000 underlying) - Disposition to Issuer
RESTRICTED STOCK UNIT
2011-01-05−27,500→ 27,500 totalExercise: $0.00→ COMMON STOCK (55,000 underlying) - Disposition to Issuer
COMMON STOCK
2011-01-05−150,832→ 0 total - Disposition to Issuer
RESTRICTED STOCK UNIT
2011-01-05−22,250→ 0 totalExercise: $0.00→ COMMON STOCK (44,500 underlying) - Disposition to Issuer
RESTRICTED STOCK UNIT
2011-01-05−15,000→ 15,000 totalExercise: $0.00→ COMMON STOCK (60,000 underlying) - Disposition to Issuer
RESTRICTED STOCK UNIT
2011-01-05−15,000→ 0 total→ COMMON STOCK (60,000 underlying) - Disposition to Issuer
RESTRICTED STOCK UNIT
2011-01-05−7,500→ 7,500 totalExercise: $0.00→ COMMON STOCK (20,000 underlying) - Disposition to Issuer
RESTRICTED STOCK UNIT
2011-01-05−27,500→ 27,500 totalExercise: $0.00→ COMMON STOCK (55,000 underlying) - Disposition to Issuer
RESTRICTED STOCK UNIT
2011-01-05−27,500→ 0 total→ COMMON STOCK (55,000 underlying) - Disposition to Issuer
RESTRICTED STOCK UNIT
2011-01-05−7,500→ 0 total→ COMMON STOCK (20,000 underlying) - Disposition to Issuer
RESTRICTED STOCK UNIT
2011-01-05−24,375→ 24,375 totalExercise: $0.00→ COMMON STOCK (65,000 underlying) - Disposition to Issuer
RESTRICTED STOCK UNIT
2011-01-05−15,000→ 5,000 totalExercise: $0.00→ COMMON STOCK (80,000 underlying) - Disposition to Issuer
RESTRICTED STOCK UNIT
2011-01-05−5,000→ 0 total→ COMMON STOCK (80,000 underlying) - Disposition to Issuer
RESTRICTED STOCK UNIT
2011-01-05−44,850→ 0 totalExercise: $0.00→ COMMON STOCK (59,800 underlying)
Footnotes (6)
- [F1]Pursuant to the Agreement and Plan of Merger between Art Technology Group, Oracle Corporation and Amsterdam Acquisition Sub Corporation dated November 2, 2010 (the "Merger Agreement"), each share of Art Technology Group common stock was exchanged for $6.00 in cash, without interest and less any applicable withholding taxes.
- [F2]In connection with the achievement of certain performance goals by the issuer during 2010, 10,000 of the restricted stock units became fully vested. Pursuant to the terms of a change in control agreement between the issuer and the reporting person, 50% of the remaining unvested restricted stock units accelerated and became fully vested as of the closing of the merger. All of the vested restricted stock units were converted into the right to receive $6.00 in cash, without interest and less any applicable withholding taxes.
- [F3]Pursuant to the Merger Agreement, each unvested restricted stock unit was assumed by Oracle Corporation and converted into a restricted stock unit for 0.1909 shares of Oracle Corporation common stock.
- [F4]The restricted stock units assumed by Oracle Corporation will continue to vest in equal annual installments.
- [F5]In connection with the achievement of certain performance goals by the issuer during 2010, all of the restricted stock units became fully vested. As of the closing of the merger all of the vested restricted stock units were converted into the right to receive $6.00 in cash, without interest and less any applicable withholding taxes.
- [F6]Pursuant to the terms of a change in control agreement between the issuer and the reporting person, 50% of the restricted stock units accelerated and became fully vested as of the closing of the merger and were converted into the right to receive $6.00 in cash, without interest and less any applicable withholding taxes.
Documents
Issuer
ART TECHNOLOGY GROUP INC
CIK 0001086195
Entity typeother
Related Parties
1- filerCIK 0001368139
Filing Metadata
- Form type
- 4
- Filed
- Jan 5, 7:00 PM ET
- Accepted
- Jan 6, 3:49 PM ET
- Size
- 34.8 KB