HJELMQUIST SIGRUN 4
4 · RAE SYSTEMS INC · Filed Jun 17, 2011
Insider Transaction Report
Form 4
HJELMQUIST SIGRUN
Director
Transactions
- Other
Nonqualified Stock Option
2011-06-16−100,000→ 0 totalExercise: $5.35From: 2005-03-09Exp: 2011-06-16→ Common Stock (100,000 underlying) - Sale
Common Stock
2011-06-16$2.25/sh−20,000$45,000→ 0 total - Sale
Nonqualified Stock Option
2011-06-16$0.85/sh−100,000$85,000→ 0 totalExercise: $1.40From: 2009-05-08Exp: 2011-06-16→ Common Stock (100,000 underlying)
Footnotes (5)
- [F1]$2.25 is the consideration for the merger with an affiliate of Vector Capital.
- [F2]Cancellation of out-of-the-money stock option upon closing of the merger.
- [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.