WEBSENSE INC 4
4 · WEBSENSE INC · Filed Jun 27, 2013
Insider Transaction Report
Form 4
WEBSENSE INCWBSN
DIETZ RUSSELL
EVP, Chief Technology Officer
Transactions
- Disposition to Issuer
Common Stock
2013-06-25−10,000→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2013-06-25$10.79/sh−225,000$2,427,750→ 0 totalExercise: $13.96Exp: 2019-11-30→ Common Stock (225,000 underlying)
Footnotes (2)
- [F1]Per the terms of the Merger Agreement, each restricted stock unit granted that was outstanding as of the Acceptance Time (as defined in the Merger Agreement), was cancelled and converted into the right to receive cash in amount equal to $24.75 per share.
- [F2]Per the terms of the Merger Agreement, each stock option that was outstanding and unexercised as of the Acceptance Time, whether or not vested, was cancelled and converted into the right to receive cash in amount equal to (i) the total number of shares subject to each such option immediately prior to the Acceleration Time (without regard to vesting) multiplied by (ii) the excess, if any, of (x) $24.75 over (y) the exercise price payable per share under each such stock option.