Hardy Jeffery Scott 4
4 · GSI COMMERCE INC · Filed Jun 21, 2011
Insider Transaction Report
Form 4
GSI COMMERCE INCGSIC
Hardy Jeffery Scott
EVP, Business Management
Transactions
- Disposition to Issuer
Common Stock
2011-06-17$29.25/sh−36,684$1,073,007→ 62,849 total - Disposition to Issuer
Common Stock (Restricted Stock Units)
2011-06-17−62,849→ 0 total - Disposition to Issuer
Performance Unit
2011-06-17−5,411→ 0 totalExercise: $0.00→ Common Stock (5,411 underlying)
Footnotes (4)
- [F1]The filing of this Statement shall not be construed as an admission (a) that the person filing this Statement is, for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the beneficial owner of any equity securities covered by this Statement, or (b) that this Statement is legally required to be filed by such person.
- [F2]Pursuant to the terms of the Agreement and Plan of Merger, dated as of March 27, 2011 (the "Agreement"), by and among eBay Inc. ("eBay"), Gibraltar Acquisition Corp., and the Issuer, on the effective date of the merger contemplated by the Agreement (the "Merger") each of these shares of common stock was automatically converted into the right to receive $29.25 (without interest).
- [F3]Pursuant to the terms of the Agreement, on the effective date of the Merger this Restricted Stock Unit award was assumed by eBay in the Merger and replaced with a Restricted Stock Unit award for 61,745 shares of underlying eBay common stock.
- [F4]Pursuant to the terms of the Agreement, on the effective date of the Merger this Performance Restricted Stock Unit award was assumed by eBay in the Merger and replaced with a Restricted Stock Unit award for 5,316 shares of underlying eBay common stock.