RAE SYSTEMS INC 4
4 · RAE SYSTEMS INC · Filed Jun 17, 2011
Insider Transaction Report
Form 4
CHEN ROBERT I
DirectorChief Executive Officer10% Owner
Transactions
- Other
Common Stock
2011-06-16−1,976,559→ 10,882,785 total(indirect: By Trust) - Sale
Common Stock
2011-06-16$2.25/sh−2,704,765$6,085,721→ 10,882,785 total(indirect: By Trust) - Sale
Nonqualified Stock Option
2011-06-16$0.38/sh−200,000$76,000→ 0 totalExercise: $1.87From: 2009-04-11Exp: 2011-06-16→ Common Stock (200,000 underlying) - Sale
Nonqualified Stock Option
2011-06-16$1.17/sh−200,000$234,400→ 0 totalExercise: $1.08From: 2010-05-01Exp: 2011-06-16→ Common Stock (200,000 underlying)
Footnotes (5)
- [F1]These shares were surrendered for $2.25 per share in cash pursuant to the Merger Agreement with an affiliate of Vector Capital.
- [F2]These shares were surrendered for no consideration pursuant to the Merger Agreement.
- [F3]Vested over four years from grant date, which is one year prior to the Exercisable Date.
- [F4]Under the Merger Agreement, vesting is accelerated for all unvested shares as of the Closing Date.
- [F5]The price equals $2.25 (the merger consideration) less the exercise price.