Tang Ming-Ching 4
4 · RAE SYSTEMS INC · Filed Jun 17, 2011
Insider Transaction Report
Form 4
Tang Ming-Ching
Vice President Manufacturing
Transactions
- Sale
Nonqualified Stock Option
2011-06-16$1.27/sh−100,000$127,000→ 0 totalExercise: $0.98From: 2010-05-01Exp: 2011-06-16→ Common Stock (100,000 underlying) - Sale
Nonqualified Stock Option
2011-06-16$0.85/sh−50,000$42,500→ 0 totalExercise: $1.40From: 2009-05-08Exp: 2011-06-16→ Common Stock (50,000 underlying) - Other
Nonqualified Stock Option
2011-06-16−150,000→ 0 totalExercise: $2.26From: 2008-07-02Exp: 2011-06-16→ Common Stock (150,000 underlying)
Footnotes (4)
- [F1]Cancellation of out-of-the-money stock option upon closing of the merger with an affiliate of Vector Capital.
- [F2]Vested over four years from grant date, which is one year prior to the Exercisable Date.
- [F3]Under the Merger Agreement, vesting is accelerated for all unvested shares as of the Closing Date.
- [F4]The price equals $2.25 (the merger consideration) less the exercise price.