COBRA ELECTRONICS CORP 4
4 · COBRA ELECTRONICS CORP · Filed Oct 10, 2014
Insider Transaction Report
Form 4
Washlow Sally A.
Senior VP, Marketing and Sales
Transactions
- Disposition to Issuer
Common Stock
2014-10-08$4.30/sh−5,775$24,833→ 0 total - Disposition from Tender
Common Stock
2014-10-08$4.30/sh−2,000$8,600→ 38,875 total(indirect: By Trust) - Disposition to Issuer
Employee Stock Option (right to buy)
2014-10-08−10,000→ 0 totalExercise: $10.78Exp: 2017-02-28→ Common stock (10,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2014-10-08−11,550→ 0 totalExercise: $3.84Exp: 2021-02-28→ Common stock (11,550 underlying) - Disposition from Tender
Common Stock
2014-10-08$4.30/sh−9,625$41,388→ 38,875 total - Disposition to Issuer
Employee Stock Option (right to buy)
2014-10-08−11,550→ 0 totalExercise: $4.50Exp: 2022-03-01→ Common stock (11,550 underlying)
Footnotes (2)
- [F1]These shares of Restricted Stock were fully vested, cancelled and converted into the right to receive the Offer Price of $4.30 per share pursuant to the Agreement and Plan of Merger, dated August 27, 2014, among the issuer, Venom Electronics Holdings, Inc. and Venom Electronics Merger Sub, Inc. (the "Merger Agreement").
- [F2]Pursuant to the Merger Agreement, this option was cancelled and converted into the right to receive a cash payment for each share of common stock subject to such option equal to the difference between the Offer Price of $4.30 and the per share exercise price of such common stock option.