GTSI CORP 4
4 · GTSI CORP · Filed Jun 21, 2012
Insider Transaction Report
Form 4
GTSI CORPGTSI
PHILLIPS STERLING E JR
CEO & President
Transactions
- Disposition from Tender
Common Stock
2012-06-18$7.75/sh−22,000$170,500→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2012-06-20$2.98/sh−100,000$297,990→ 0 totalExercise: $4.77Exp: 2017-11-23→ Common Stock (100,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2012-06-20$3.02/sh−100,000$302,000→ 0 totalExercise: $4.73Exp: 2018-02-22→ Common Stock (100,000 underlying)
Footnotes (1)
- [F1]This option vested and was cancelled at the effective time of the merger, which was June 20, 2012, in exchange for a cash payment representing the number of shares of the Company's common stock underlying such option multiplied by the difference between the exercise price of the option and the per share purchase price of $7.75 pursuant to that Agreement and Plan of Merger, dated May 7, 2012, by and among the Company, UNICOM Systems, Inc., a California corporation ("UNICOM"), UNICOM SUB ONE, INC., a Delaware corporation and a wholly owned subsidiary of UNICOM.