Clearwire Corp /DE 4
4 · Clearwire Corp /DE · Filed Jul 11, 2013
Insider Transaction Report
Form 4
Cochran Hope F
Sr VP, Finance & Treasurer
Transactions
- Disposition to Issuer
Stock Option (Right To Buy)
2013-07-09$5.00/sh−37,500$187,500→ 0 totalExercise: $3.03Exp: 2019-03-10→ Class A Common Stock (37,500 underlying) - Award
Class A Common Stock
2013-07-09+49,358→ 1,380,872 total - Disposition to Issuer
Class A Common Stock
2013-07-09$5.00/sh−1,027,336$5,136,680→ 353,536 total - Disposition to Issuer
Class A Common Stock
2013-07-09$5.00/sh−353,536$1,767,680→ 0 total
Footnotes (3)
- [F1]Disposed of pursuant to the agreement and plan of merger agreement ("Merger Agreement") by and among the Issuer, Sprint Nextel Corporation ("Sprint") and Collie Acquisition Corp., a wholly owned subsidiary of Sprint, in exchange for $5.00 per share in cash.
- [F2]These Restricted Stock Units were granted in 2013 ("2013 RSU"), are unvested and represent a contingent right to receive one share of common stock per each RSU. Each 2013 RSU that is unvested at the effective time of the merger, as contemplated by the Merger Agreement, shall be converted automatically into a right to receive a payment equal to $5.00 for each RSU, payable in accordance with the applicable vesting schedule set forth in the award for such RSU.
- [F3]The option became exercisable in four equal annual installments on March 5, 2010, 2011, 2012 and 2013. At the effective time of the merger, as contemplated by the Merger Agreement, each option shall be converted automatically into a right to receive a payment representing the difference between the exercise price of the option and the merger price of the Issuer's common stock ($5.00 per share).