Avimor Jacob 4
4 · BigBand Networks, Inc. · Filed Nov 23, 2011
Insider Transaction Report
Form 4
Avimor Jacob
Senior Vice President, R&D
Transactions
- Disposition to Issuer
Restricted Stock Units
2011-11-21−41,667→ 0 total→ Common Stock (41,667 underlying) - Disposition to Issuer
Restricted Stock Units
2011-11-21−12,754→ 0 total→ Common Stock (12,754 underlying) - Disposition from Tender
Common Stock
2011-11-21$2.24/sh−10,794$24,179→ 0 total - Disposition to Issuer
Restricted Stock Units
2011-11-21−8,357→ 0 total→ Common Stock (8,357 underlying) - Disposition to Issuer
Restricted Stock Units
2011-11-21−3,750→ 11,250 total→ Common Stock (3,750 underlying) - Disposition to Issuer
Restricted Stock Units
2011-11-21−11,250→ 0 total→ Common Stock (11,250 underlying) - Disposition to Issuer
Restricted Stock Units
2011-11-21−18,000→ 0 total→ Common Stock (18,000 underlying)
Footnotes (10)
- [F1]Each restricted stock unit represents a contingent right to receive one share of BBND common stock.
- [F10]The restricted stock units vest in five equal semi-annual installments beginning on March 10, 2012.
- [F2]The restricted stock units vested on November 19, 2011.
- [F3]Not applicable.
- [F4]Pursuant to the provisions of the Merger Agreement between the Issuer and ARRIS Group, Inc. dated October 10, 2011 (the "Merger Agreement"), the vested restricted stock units were cancelled in exchange for a cash payment of $8,400.00, which represents $2.24 for each outstanding unit.
- [F5]The remaining restricted stock units vest in three equal semi-annual installments beginning on May 19, 2012.
- [F6]Pursuant to the Merger Agreement, each unvested restricted stock unit will be assumed by ARRIS and converted into a restricted stock unit for 0.2055 shares of ARRIS common stock.
- [F7]The restricted stock units vest in three equal semi-annual installments beginning on February 24, 2012.
- [F8]The restricted stock units vest in two equal installments on May 18, 2012 and February 18, 2013.
- [F9]The restricted stock units vest quarterly over two years beginning February 18, 2012.