Cowan Kendall 4
4 · OPNEXT INC · Filed Jul 25, 2012
Insider Transaction Report
Form 4
OPNEXT INCOPXT
Cowan Kendall
Director
Transactions
- Exercise/Conversion
Common Stock
2012-07-23+88,354→ 90,635 total - Disposition to Issuer
Common Stock
2012-07-23−90,635→ 0 total - Exercise/Conversion
Restricted Stock Units
2012-07-23−88,354→ 0 total→ Common Stock (88,354 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to the merger agreement between issuer and Oclaro Inc. (Oclaro) in exchange for 38,066 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.