Power James W 4
4 · RAE SYSTEMS INC · Filed Jun 17, 2011
Insider Transaction Report
Form 4
Power James W
Director
Transactions
- Sale
Nonqualified Stock Option
2011-06-16$1.47/sh−110,000$161,700→ 0 totalExercise: $0.78From: 2010-06-11Exp: 2011-06-16→ Common Stock (110,000 underlying) - Sale
Common Stock
2011-06-16$2.25/sh−40,000$90,000→ 0 total - Other
Nonqualified Stock Option
2011-06-16−110,000→ 0 totalExercise: $3.75From: 2007-05-17Exp: 2011-06-16→ Common Stock (110,000 underlying)
Footnotes (6)
- [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]Vested over four years from grant date, which is one month prior to the Exercisable Date.
- [F5]Under the Merger Agreement, vesting is accelerated for all unvested shares as of the Closing Date.
- [F6]The price equals $2.25 (the merger consideration) less the exercise price.