4//SEC Filing
GSI COMMERCE INC 4
Accession 0001209191-11-035700
CIK 0000828750operating
Filed
Jun 20, 8:00 PM ET
Accepted
Jun 21, 3:52 PM ET
Size
12.6 KB
Accession
0001209191-11-035700
Insider Transaction Report
Form 4
GSI COMMERCE INCGSIC
MINTZER DAMON
EVP, Sales
Transactions
- Disposition to Issuer
Common Stock (Restricted Stock Units)
2011-06-17−50,241→ 0 total - Disposition to Issuer
Stock Option
2011-06-17$15.79/sh−35,000$552,650→ 0 totalExercise: $13.46Exp: 2015-04-06→ Common Stock (35,000 underlying) - Disposition to Issuer
Performance Unit
2011-06-17−5,411→ 0 totalExercise: $0.00→ Common Stock (5,411 underlying) - Disposition to Issuer
Common Stock
2011-06-17$29.25/sh−13,034$381,245→ 50,241 total
Footnotes (5)
- [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 49,359 shares of underlying eBay common stock.
- [F4]Pursuant to the terms of the Agreement, on the effective date of the Merger this option was canceled in exchange for a cash payment of $552,650, representing the excess of $29.25 (without interest) per underlying share of common stock over the $13.46 per share exercise price of the option, multiplied by the number of shares of common stock underlying such option.
- [F5]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.
Documents
Issuer
GSI COMMERCE INC
CIK 0000828750
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000828750
Filing Metadata
- Form type
- 4
- Filed
- Jun 20, 8:00 PM ET
- Accepted
- Jun 21, 3:52 PM ET
- Size
- 12.6 KB