4//SEC Filing
FUSION-IO, INC. 4
Accession 0001209191-14-049140
CIK 0001383729operating
Filed
Jul 24, 8:00 PM ET
Accepted
Jul 25, 8:19 PM ET
Size
16.3 KB
Accession
0001209191-14-049140
Insider Transaction Report
Form 4
Smith Lance L.
Chief Operating Officer
Transactions
- Disposition from Tender
Common Stock
2014-07-23$11.25/sh−70,142$789,098→ 0 total - Other
Employee Stock Options (right to buy)
2014-07-23−300,000→ 0 totalExercise: $5.12Exp: 2021-01-24→ Common Stock (300,000 underlying) - Other
Employee Stock Options (right to buy)
2014-07-23−68,750→ 0 totalExercise: $1.96Exp: 2020-09-11→ Common Stock (68,750 underlying) - Other
Restricted Stock Unit
2014-07-23−82,000→ 0 totalExercise: $0.00→ Common Stock (82,000 underlying) - Other
Restricted Stock Unit
2014-07-23−121,875→ 0 totalExercise: $0.00→ Common Stock (121,875 underlying)
Footnotes (9)
- [F1]The Reporting Person tendered the shares in exchange for $11.25 per share in a tender offer made by Flight Merger Sub, Inc., pursuant to an Agreement and Plan of Merger, dated June 16, 2014, among the Issuer, SanDisk Corporation and Flight Merger Sub, Inc. (the "Plan of Merger").
- [F2]Pursuant to the Plan of Merger, the vested portion of the award covering 56,250 shares of the Issuer's Common Stock was cashed out at a price per share of $9.29 (equal to the Offer Price minus the exercise price of the security). The unvested portion of the award covering 12,500 shares of the Issuer's Common Stock was cancelled in exchange for an option to purchase 1,425 shares of SanDisk common stock at an exercise price of $17.18 and is subject to the same vesting and expiration schedules as the original grant.
- [F3]The option becomes exercisable as to 1/48th of the shares subject to the option each month after September 12, 2010.
- [F4]Pursuant to the Plan of Merger, the vested portion of the award covering 62,500 shares of the Issuer's Common Stock was cashed out at a price of $6.13 (equal to the Offer Price minus the exercise price of the security). The unvested portion of the award covering 237,500 shares of the Issuer's Common Stock was cancelled in exchange for an option to purchase 27,105 shares of SanDisk common stock at an exercise price of $44.87 and is subject to the same vesting and expiration schedules as the original grant.
- [F5]The option becomes exercisable as to 1/24th of the shares subject to the option in equal monthly installments beginning February 25, 2014.
- [F6]Pursuant to the Plan of Merger, the award was cancelled in exchange for 9,358 restricted stock units of SanDisk common stock and is subject to the same vesting schedule as the original award.
- [F7]The award vests as to 1/4 of the shares subject to the award on February 15, 2016, and 1/4 of the shares subject to the award vest quarterly thereafter, subject to the Reporting Person's continued service.
- [F8]Pursuant to the Plan of Merger, the award was cancelled in exchange for 13,909 restricted stock units of SanDisk common stock and is subject to the same vesting schedule as the original award.
- [F9]The award vests as to 1/16 of the shares subject to the award on November 15, 2013 and then 1/16 of the shares subject to the award will vest every three months thereafter, subject to the Reporting Person's continued service to the Issuer through such dates.
Documents
Issuer
FUSION-IO, INC.
CIK 0001383729
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001383729
Filing Metadata
- Form type
- 4
- Filed
- Jul 24, 8:00 PM ET
- Accepted
- Jul 25, 8:19 PM ET
- Size
- 16.3 KB