BLACKBOARD INC 4
4 · BLACKBOARD INC · Filed Oct 6, 2011
Insider Transaction Report
Form 4
BLACKBOARD INCBBBB
KAPLAN BETH J
Director
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2011-10-04−6,000→ 0 totalExercise: $42.17Exp: 2019-06-15→ Common Stock (6,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2011-10-04−6,000→ 0 totalExercise: $38.61Exp: 2016-06-15→ Common Stock (6,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2011-10-04−12,000→ 0 totalExercise: $38.74Exp: 2015-05-15→ Common Stock (12,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2011-10-04−6,000→ 0 totalExercise: $40.98Exp: 2018-06-15→ Common Stock (6,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2011-10-04−6,000→ 0 totalExercise: $28.85Exp: 2017-06-15→ Common Stock (6,000 underlying)
Footnotes (1)
- [F1]Disposed of pursuant to the terms of the Agreement and Plan of Merger, dated June 30, 2011 (the "Merger Agreement") by and among Blackboard Inc., Bulldog Holdings, LLC and Bulldog Acquisition Sub, Inc., providing for the merger of Bulldog Acquisition Sub, Inc. with and into Blackboard Inc. (the "Merger"), in exchange for the merger consideration of $45.00 in cash per share of common stock (the "Merger Consideration"). All unvested options vested in full immediately prior to the effective time of the Merger and were then cancelled in exchange for a cash payment equal to (i) the excess of (a) the Merger Consideration over (b) the exercise price per share under the option, multiplied by (ii) the number of shares of the Issuer's common stock subject to the option.