Cushing Matthew J. 4
4 · ACME PACKET INC · Filed Mar 29, 2013
Insider Transaction Report
Form 4
ACME PACKET INCAPKT
Cushing Matthew J.
Senior VP and General Counsel
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2013-03-28−60,000→ 0 totalExercise: $18.84Exp: 2019-08-13→ Common Stock (60,000 underlying) - Disposition to Issuer
Common Stock
2013-03-28$29.25/sh−3,597$105,212→ 0 total - Disposition to Issuer
Restricted Stock Unit
2013-03-28−10,000→ 0 total→ Common Stock (10,000 underlying)
Footnotes (6)
- [F1]Disposed of for a cash payment of $29.25 per share pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of February 4, 2013 by and among Acme Packet, Inc. ("Acme"), OC Acquisition LLC, Andes Acquisition Corporation, and Oracle Corporation ("Oracle") in connection with the merger that became effective on March 28, 2013.
- [F2]Twenty-five percent of the shares underlying the option vest on August 13, 2013 and the balance of the shares vest in installments becoming exercisable on each three-month anniversary thereafter. The option shall become fully vested on August 13, 2016.
- [F3]Pursuant to the terms of the Merger Agreement, in connection with the merger that became effective on March 28, 2013, unvested outstanding stock options and vested outstanding stock options with an exercise price equal to or greater than $29.25 were converted into options to purchase Oracle common stock in accordance with the exchange ratio set forth in the Merger Agreement.
- [F4]Each restricted stock unit represents a contingent right to receive one share of Acme Packet, Inc. common stock.
- [F5]Twenty-five percent of the shares underlying the restricted stock units vest on August 13, 2013 and the balance of the shares vest in installments on each three-month anniversary thereafter. The award shall become fully vested on August 13, 2016.
- [F6]Pursuant to the terms of the Merger Agreement, in connection with the merger that became effective on March 28, 2013, unvested restricted stock units representing a contingent right to receive Acme common stock were converted into restricted stock units representing a contingent right to receive Oracle common stock in accordance with the exchange ratio set forth in the Merger Agreement.