4//SEC Filing
RUCKUS WIRELESS INC 4
Accession 0001209191-16-124067
CIK 0001294016operating
Filed
May 26, 8:00 PM ET
Accepted
May 27, 4:40 PM ET
Size
8.8 KB
Accession
0001209191-16-124067
Insider Transaction Report
Form 4
Whiting Ian Edward
Chief Commercial Officer
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2016-05-27−80,000→ 0 totalExercise: $10.78Exp: 2025-04-30→ Common Stock (80,000 underlying) - Disposition to Issuer
Common Stock
2016-05-27−311,901→ 0 total
Footnotes (2)
- [F1]Disposed of pursuant to 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 (i) 41,901 shares of Issuer common stock were exchanged for the per share consideration equal to $6.45 in cash and 0.75 of a share of Brocade common stock, with any fractional shares being paid in cash as provided in the Merger Agreement; and (ii) 270,000 shares of Issuer common stock underlying Issuer restricted stock unit awards were canceled and replaced with a number of restricted stock units with respect to shares of Brocade common stock, rounded down to the nearest whole number of shares, equal to the product of (x) 270,000 and (y) the quotient obtained by dividing the Equity Award Cash Consideration (as defined in the Merger Agreement) by the Parent Stock Price (as defined in the Merger Agreement).
- [F2]Disposed of pursuant to Section 3.11(a) and 3.11(b) of the Merger Agreement, respectively, whereby (i) Issuer vested in-the-money stock options with respect to 20,000 shares of Issuer common stock were cancelled and exchanged for an amount in cash, less any applicable tax withholdings, equal to the product of (x) 20,000 multiplied by (y) the Equity Award Cash Consideration, less the per share exercise price of such Issuer vested in-the-money stock option; and (ii) Issuer unvested in-the-money stock options with respect to 60,000 shares of Issuer common stock were canceled and replaced with a number of restricted stock units with respect to shares of Brocade common stock, rounded down to the nearest whole number of shares, equal to the product of (x) 60,000 and (y) the quotient obtained by dividing the Equity Award Cash Consideration, less the per share exercise price of such Issuer unvested in-the-money stock option, by the Parent Stock Price.
Documents
Issuer
RUCKUS WIRELESS INC
CIK 0001294016
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001294016
Filing Metadata
- Form type
- 4
- Filed
- May 26, 8:00 PM ET
- Accepted
- May 27, 4:40 PM ET
- Size
- 8.8 KB