4//SEC Filing
Greenman Jason D 4
Accession 0001209191-12-024957
CIK 0001353209other
Filed
Apr 29, 8:00 PM ET
Accepted
Apr 30, 7:36 PM ET
Size
10.1 KB
Accession
0001209191-12-024957
Insider Transaction Report
Form 4
LoopNet, Inc.LOOP
Greenman Jason D
Chief Strategy Officer and SVP
Transactions
- Disposition to Issuer
Common Stock
2012-04-30−423,430→ 0 total - Disposition to Issuer
Common Stock
2012-04-30−75,000→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2012-04-30−150,000→ 0 totalExercise: $9.97Exp: 2017-02-10→ Common Stock (150,000 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to a merger agreement, dated April 27, 2011, as amended, between the issuer, CoStar Group, Inc. ("Parent") and Lonestar Acquisition Sub, Inc. (the "Merger Agreement") in exchange for a unit consisting of (i) $16.50 in cash without interest and (ii) 0.03702 shares of the Parent Common Stock per share (the "Merger Consideration"). Of the total number of shares disposed, 6,250 restricted stock units outstanding and unvested as of the reporting date were fully accelerated and were cancelled in exchange for the Merger Consideration.
- [F2]Disposed of pursuant to the Merger Agreement. The securities disposed were restricted stock units granted on February 11, 2010, that were subject to performance-based vesting, the conditions for which were not met as of the time of the merger. Pursuant to the Merger Agreement, the vesting of all such securities fully accelerated, and two thirds of such restricted stock units were cancelled in exchange for the Merger Consideration, and one third of such restricted stock units were cancelled in exchange for 6,758 shares of Parent common stock.
- [F3]Disposed of pursuant to the Merger Agreement. This option was granted on February 11, 2010, and was subject to performance-based vesting, the conditions for which were not met as of the time of the merger. Pursuant to the Merger Agreement, the vesting of all such options fully accelerated, and two thirds of such options were cancelled in exchange for the Merger Consideration, less the exercise price of the option, and one third of such options were cancelled in exchange for 6,467 shares of Parent common stock.
Documents
Issuer
LoopNet, Inc.
CIK 0001353209
Entity typeother
Related Parties
1- filerCIK 0001360344
Filing Metadata
- Form type
- 4
- Filed
- Apr 29, 8:00 PM ET
- Accepted
- Apr 30, 7:36 PM ET
- Size
- 10.1 KB