BigBand Networks, Inc. 4
4 · BigBand Networks, Inc. · Filed Nov 23, 2011
Insider Transaction Report
Form 4
YANG GEOFFREY Y
Director
Transactions
- Disposition from Tender
Common Stock
2011-11-21$2.24/sh−2,000$4,480→ 0 total(indirect: By Trust) - Disposition from Tender
Common Stock
2011-11-21$2.24/sh−2,000$4,480→ 0 total(indirect: By Trust) - Disposition to Issuer
Restricted Stock Units
2011-11-21−22,606→ 0 total→ Common Stock (22,606 underlying) - Disposition from Tender
Common Stock
2011-11-21$2.24/sh−64,104$143,593→ 0 total
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of BBND common stock.
- [F2]Pursuant to the provisions of the Issuer's Director Compensation Policy and the Merger Agreement between the Issuer and ARRIS Group, Inc. dated October 10, 2011 (the "Merger Agreement"), the restricted stock units vested in full upon the effectiveness of the merger.
- [F3]Pursuant to the Merger Agreement, the restricted stock units were cancelled in exchange for a cash payment of $50,637.44, which represents $2.24 for each outstanding unit.