4//SEC Filing
XRS Corp 4
Accession 0001209191-14-066482
CIK 0000854398operating
Filed
Nov 3, 7:00 PM ET
Accepted
Nov 4, 9:52 PM ET
Size
12.7 KB
Accession
0001209191-14-066482
Insider Transaction Report
Form 4
XRS CorpXRSC
REIDY BRENDAN F
President and COO
Transactions
- Other
Option to purchase common stock, $0.01 par value
2014-10-31$3.78/sh−225,000$850,500→ 0 totalExercise: $1.82Exp: 2023-03-11→ Common stock, $0.01 par value (225,000 underlying) - Other
Restricted Stock Unit
2014-10-31$5.60/sh−75,000$420,000→ 0 total→ Common stock, $0.01 par value (75,000 underlying) - Other
Restricted Stock Unit
2014-10-31$5.60/sh−25,685$143,836→ 0 total→ Common stock, $0.01 par value (25,685 underlying) - Other
Option to purchase common stock, $0.01 par value
2014-10-31$2.82/sh−83,220$234,680→ 0 totalExercise: $2.78Exp: 2024-02-05→ Common stock, $0.01 par value (83,220 underlying)
Footnotes (2)
- [F1]Cancelled in connection with the Merger and converted into the right to receive an amount equal to (i) the total number of shares of issuer common stock subject to such option immediately prior to the effective time of the Merger (without regard to vesting) multiplied by (ii) the excess, if any, of (x) the consideration payable to holders of issuer common stock pursuant to the Merger ($5.60 per share) over (y) the exercise price payable per share of issuer common stock under such option.
- [F2]Cancelled in connection with the Merger in exchange for the right to receive a lump sum cash payment equal to the product of (i) the number of shares subject to such restricted stock unit and (ii) the consideration payable to holders of issuer common stock pursuant to the Merger ($5.60 per share).
Documents
Issuer
XRS Corp
CIK 0000854398
Entity typeoperating
IncorporatedMN
Related Parties
1- filerCIK 0000854398
Filing Metadata
- Form type
- 4
- Filed
- Nov 3, 7:00 PM ET
- Accepted
- Nov 4, 9:52 PM ET
- Size
- 12.7 KB