LEE DAVID 4
4 · OPNEXT INC · Filed Jul 25, 2012
Insider Transaction Report
Form 4
OPNEXT INCOPXT
LEE DAVID
Director10% Owner
Transactions
- Other
Common Stock
2012-07-23−6,434,049→ 0 total(indirect: See footnote) - Disposition to Issuer
Common Stock
2012-07-23−87,442→ 0 total - Exercise/Conversion
Common Stock
2012-07-23+87,442→ 87,442 total - Exercise/Conversion
Restricted Stock Units
2012-07-23−87,442→ 0 total→ Common Stock (87,442 underlying)
Footnotes (4)
- [F1]Disposed of pursuant to the merger agreement between issuer and Oclaro Inc. (Oclaro) in exchange for 36,725 shares of Oclaro common stock having a market value of $2.31 per share on the effective date of the merger. In the merger agreement, each share of issuer common stock outstanding immediately prior to the effective time of the merger was converted into the right to receive 0.42 of a share of Oclaro common stock.
- [F2]Each restricted stock unit represents the right to receive one share of issuer common stock.
- [F3]Disposed of pursuant to the merger agreement between issuer and Oclaro Inc. (Oclaro) in exchange for 2,702,300 shares of Oclaro common stock having a market value of $2.31 per share on the effective date of the merger.
- [F4]David Lee is a managing member of Clarity GenPar, LLC, which is the general partner of Clarity Partners, L.P. ("Clarity