XRS Corp|4Nov 4, 9:54 PM ET

XRS Corp 4

4 · XRS Corp · Filed Nov 4, 2014

Form 4

Period: 2014-10-31

EVP, Field Operations

Transactions

Other
Option to purchase common stock, $0.01 par value
2014-10-31$4.75/sh−200,000$950,000→ 0 total
Exercise: $0.85Exp: 2023-02-06→ Common stock, $0.01 par value (200,000 underlying)
Other
Restricted Stock Unit
2014-10-31$5.60/sh−12,843$71,921→ 0 total
→ Common stock, $0.01 par value (12,843 underlying)
Other
Restricted Stock Unit
2014-10-31$5.60/sh−50,000$280,000→ 0 total
→ Common stock, $0.01 par value (50,000 underlying)
Other
Option to purchase common stock, $0.01 par value
2014-10-31$2.82/sh−41,610$117,340→ 0 total
Exercise: $2.78Exp: 2024-02-05→ Common stock, $0.01 par value (41,610 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

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