Borja Eduardo 4
4 · GLOBAL INDUSTRIES LTD · Filed Dec 2, 2011
Insider Transaction Report
Form 4
Borja Eduardo
Sr VP-Global Mkting & Strategy
Transactions
- Disposition to Issuer
Performance units
2011-12-01$8.00/sh−62,000$496,000→ 0 totalExercise: $0.00→ Common stock (62,000 underlying) - Disposition to Issuer
Common stock
2011-12-01$8.00/sh−145,230$1,161,840→ 0 total
Footnotes (2)
- [F1]Disposed of pursuant to the terms of the Agreement and Plan of Merger by and among the issuer, Technip S.A. and Apollon Merger Sub B, Inc. dated September 11, 2011 (the "Merger Agreement") in exchange for $8.00 per share (the "Merger Consideration") upon closing of the merger.
- [F2]Performance units were cancelled pursuant to the terms of the Merger Agreement in exchange for cash equal to the Merger Consideration multiplied by the number of common stock issuable pursuant to such performance units assuming achievement of the target level of performance applicable to such performance units.