COBRA ELECTRONICS CORP 4
4 · COBRA ELECTRONICS CORP · Filed Oct 10, 2014
Insider Transaction Report
Form 4
Ben Robert J
VP, Controller, Interim CFO
Transactions
- Disposition to Issuer
Common Stock
2014-10-08$4.30/sh−4,800$20,640→ 0 total - Disposition from Tender
Common Stock
2014-10-08$4.30/sh−12,700$54,610→ 24,550 total - Disposition to Issuer
Employee Stock Option (right to buy)
2014-10-08−2,500→ 0 totalExercise: $10.78Exp: 2017-02-28→ Common stock (2,500 underlying) - 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) - Disposition to Issuer
Employee Stock Option (right to buy)
2014-10-08−5,700→ 0 totalExercise: $3.84Exp: 2021-02-28→ Common stock (5,700 underlying)
Footnotes (2)
- [F1]These shares of Restricted Stock awards 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.