FARRILL F CRAIG 4
4 · CONEXANT SYSTEMS INC · Filed Apr 21, 2011
Insider Transaction Report
Form 4
FARRILL F CRAIG
Director
Transactions
- Disposition to Issuer
Common Stock
2011-04-19$2.40/sh−34,715$83,316→ 0 total - Disposition to Issuer
Restricted Stock Units
2011-04-19$2.40/sh−15,000$36,000→ 0 total→ Common Stock (15,000 underlying)
Footnotes (4)
- [F1]The amount of common stock reported herein represents 715 shares of common stock and 34,000 Restricted Stock Units ("RSUs").
- [F2]Each RSU represented the right to receive, following vesting, one share of Conexant common stock. The RSUs were scheduled to fully vest upon the retirement of service as a member of the Board of Directors; provided, however, that such retirement occurred one year or more after the grant date.
- [F3]Pursuant to the Agreement and Plan of Merger, dated as of February 20, 2011, between Conexant, Gold Holdings, Inc., and Gold Acquisition Corp., effective as of April 19, 2011, Conexant's common stock was converted into the right to receive $2.40 per share in cash and the RSUs reported herein were cancelled and converted into the right to receive $2.40 per unit in cash.
- [F4]Not Applicable.