4//SEC Filing
PROCERA NETWORKS, INC. 4
Accession 0001209191-15-050647
CIK 0001165231operating
Filed
Jun 4, 8:00 PM ET
Accepted
Jun 5, 4:50 PM ET
Size
20.8 KB
Accession
0001209191-15-050647
Insider Transaction Report
Form 4
Brear James Frederick
DirectorCEO and President
Transactions
- Disposition from Tender
Common Stock
2015-06-04−25,295→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2015-06-05−143,417→ 0 totalExercise: $14.10Exp: 2018-02-12→ Common Stock (143,417 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2015-06-05−100,000→ 0 totalExercise: $20.25Exp: 2022-12-03→ Common Stock (100,000 underlying) - Disposition to Issuer
Common Stock
2015-06-05−25,000→ 0 total - Disposition to Issuer
Common Stock
2015-06-05−33,333→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2015-06-05−2,083→ 0 totalExercise: $5.00Exp: 2019-11-13→ Common Stock (2,083 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2015-06-05−75,000→ 0 totalExercise: $6.77Exp: 2024-12-02→ Common Stock (75,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2015-06-05−40,000→ 0 totalExercise: $14.59Exp: 2023-12-03→ Common Stock (40,000 underlying)
Footnotes (6)
- [F1]The Reporting Person tendered the shares in exchange for $11.50 per share, net to the Reporting Person in cash, without interest and subject to deduction for any required withholding of taxes, in the tender offer made pursuant to the Agreement and Plan of Merger, dated April 21, 2015, by and among the Issuer, KDR Holding, Inc. and KDR Acquisition, Inc. (the "Merger Agreement").
- [F2]Consists of 25,000 shares subject to a restricted stock award that were unvested as of the effective time of the merger contemplated by the Merger Agreement (the "Effective Time"), which were canceled pursuant to the Merger Agreement in exchange for $11.50 per share, net to the Reporting Person in cash, without interest and subject to deduction for any required withholding of taxes.
- [F3]Consists of shares subject to restricted stock unit award agreements that were unvested as of the Effective Time and were canceled for no consideration at the Effective Time pursuant to the Merger Agreement.
- [F4]This option was canceled for no consideration pursuant to the terms of the Merger Agreement.
- [F5]The shares subject to this option vest over a four year period, with 25% of the shares subject to this option vesting on the first anniversary of the grant date and the balance vesting in 36 equal consecutive monthly installments thereafter.
- [F6]This option was canceled pursuant to the terms of the Merger Agreement and converted into an amount in cash equal to the product of (a) the excess of $11.50 over the exercise price of this option, and (b) the number of vested shares subject to this option. Unvested shares subject to this option were canceled for no consideration pursuant to the terms of the Merger Agreement.
Documents
Issuer
PROCERA NETWORKS, INC.
CIK 0001165231
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001165231
Filing Metadata
- Form type
- 4
- Filed
- Jun 4, 8:00 PM ET
- Accepted
- Jun 5, 4:50 PM ET
- Size
- 20.8 KB