Osborn James Grafton Jr. 4
4 · GLOBAL INDUSTRIES LTD · Filed Dec 2, 2011
Insider Transaction Report
Form 4Exit
Osborn James Grafton Jr.
Chief Marketing Officer
Transactions
- Disposition to Issuer
Common stock
[F1]2011-12-01$8.00/sh−66,043$528,344→ 0 total - Disposition to Issuer
Non-qualified stock option
[F2]2011-12-01−15,000→ 0 totalExercise: $5.30From: 2011-06-14Exp: 2020-06-14→ Common stock (15,000 underlying) - Disposition to Issuer
Performance units
[F3]2011-12-01$8.00/sh−90,000$720,000→ 0 totalExercise: $0.00→ Common stock (90,000 underlying)
Footnotes (3)
- [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]This option was cancelled pursuant to the terms of the Merger Agreement in exchange for cash equal to the difference between the Merger Consideration and the option exercise price multiplied by the number of shares of the issuer's common stock subject to the option.
- [F3]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.
Signature
Debbie Bowers, Attorney-in-fact for James G. Osborn, Jr.|2011-12-02