CBEYOND, INC. 4
4 · CBEYOND, INC. · Filed Jul 22, 2014
Insider Transaction Report
Form 4
CBEYOND, INC.CBEY
Cobb Brent
VP & Chief Customer Officer
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2014-07-18−7,200→ 0 totalExercise: $7.97Exp: 2022-03-22→ Common Stock (7,200 underlying) - Award
Common Stock
2014-07-18+14,000→ 133,995 total - Disposition to Issuer
Common Stock
2014-07-18$10.00/sh−117,946$1,179,460→ 0 total - Tax Payment
Common Stock
2014-07-18$10.00/sh−16,049$160,490→ 117,946 total - Disposition to Issuer
Common Stock
2014-07-18$10.00/sh−5,183$51,830→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Employee Stock Option (right to buy)
2014-07-18−14,000→ 0 totalExercise: $7.67Exp: 2022-03-09→ Common Stock (14,000 underlying)
Footnotes (2)
- [F1]Represents restricted stock awarded as a result of the Company meeting certain performance criteria as of the effective time of the merger pursuant to a grant on February 13, 2014. Pursuant to the agreement and plan of merger dated April 19, 2014 by and among Cbeyond, Inc., Birch Communications, Inc., and Hawks Merger Sub, Inc., each share of restricted stock outstanding and unvested immediately prior to the effective time of the Merger became fully vested immediately prior to the effective time of the merger and, to the extent subject to performance-based vesting, the applicable performance goals were measured as of the effective time of the merger.
- [F2]Pursuant to the agreement and plan of merger dated April 19, 2014 by and among Cbeyond, Inc., Birch Communications, Inc., and Hawks Merger Sub, Inc., all outstanding and unexercised stock options (as of immediately prior to the effective time of the merger) became fully vested immediately prior to the effective time of the merger and were cancelled in exchange for the right to receive in cash an amount equal to the product of (i) the total number of shares of Cbeyond common stock subject to the stock option multiplied by (ii) the excess, if any, of the per share merger consideration over the exercise price of the option.