HANDELSMAN MICHAEL J. 4
4 · LoopNet, Inc. · Filed Apr 30, 2012
Insider Transaction Report
Form 4
LoopNet, Inc.LOOP
HANDELSMAN MICHAEL J.
SVP & Group General Manager
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2012-04-30−125,000→ 0 totalExercise: $11.13Exp: 2017-08-31→ Common Stock (125,000 underlying) - Disposition to Issuer
Common Stock
2012-04-30−74,256→ 0 total
Footnotes (2)
- [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").
- [F2]Disposed of pursuant to the Merger Agreement. This option was granted on September 1, 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 5,647 shares of Parent common stock.