RUCKUS WIRELESS INC 4
4 · RUCKUS WIRELESS INC · Filed May 27, 2016
Insider Transaction Report
Form 4
Lynch Richard J.
Director
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2016-05-27−143,049→ 0 totalExercise: $4.63Exp: 2022-03-22→ Common Stock (143,049 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2016-05-27−30,000→ 0 totalExercise: $11.37Exp: 2025-06-09→ Common Stock (30,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2016-05-27−30,000→ 0 totalExercise: $16.19Exp: 2023-10-24→ Common Stock (30,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2016-05-27−30,000→ 0 totalExercise: $10.33Exp: 2024-06-03→ Common Stock (30,000 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to Section 3.11(a) of the Agreement and Plan of Merger by and among Brocade Communications Systems, Inc. ("Brocade"), Stallion Merger Sub Inc. (a wholly owned subsidiary of Brocade) and Issuer, dated as of April 3, 2016 (the "Merger Agreement"), whereby each Issuer vested in-the-money stock option was cancelled and exchanged for an amount in cash, less any applicable tax withholdings, equal to the product of (i) the number of Issuer shares subject to the Issuer vested in-the-money stock option, multiplied by (ii) the Equity Award Cash Consideration (as defined in the Merger Agreement), less the per share exercise price of the Issuer vested in-the-money stock option.
- [F2]Disposed of pursuant to Section 3.11(i) of the Merger Agreement, whereby each Issuer vested out-of-the-money stock option was cancelled and exchanged for an amount in cash equal to the Black Scholes Option Value (as defined in the Merger Agreement).