4//SEC Filing
CHRISTIAN SCOTT G 4
Accession 0001209195-05-000002
CIK 0000072418other
Filed
Jan 26, 7:00 PM ET
Accepted
Jan 27, 3:47 PM ET
Size
12.4 KB
Accession
0001209195-05-000002
Insider Transaction Report
Form 4
NORSTAN INCNRRD
CHRISTIAN SCOTT G
DirectorPresident and CEO
Transactions
- Disposition to Issuer
Employee Stock Option (Right to Buy)
2005-01-25−210,100→ 0 total→ Common Stock (210,100 underlying) - Disposition to Issuer
Employee Stock Option (Right to buy)
2005-01-25−75,000→ 0 totalExercise: $5.65→ Common Stock (75,000 underlying) - Disposition from Tender
Common Stock
2005-01-25$5.60/sh−86,571$484,798→ 0 total
Footnotes (4)
- [F1]Disposed of pursuant to Agreement and Plan of Merger dated as of December 20, 2004 between Black Box Corporation and Norstan, Inc. in exchange for $5.60 per share on the acceptance of the Tender Offer by Black Box Corporation.
- [F2]These options were canceled pursuant to the Agreement and Plan of Merger dated as of December 20, 2004 between Black Box Corporation and Norstan, Inc. in exchange for a cash payment of $510,449 which represents the difference between the various exercise prices of the options and the $5.60 per share tender offer price paid by Black Box pursuant to the Tender Offer. These options were: 1) On 1/17/2001, 75,000 shares granted at $2.32 per share vesting over three equal annual installments beginning 1/17/2002; 2) On 3/20/01, 100 shares granted at $1.11 vesting upon grant; 3) On 6/5/2003, 35,000 shares granted at $3.80 vesting over three equal annual installments beginning 6/5/2004; and 4) On 2/9/2004, 100,000 shares granted at $3.59 vesting over three equal annual installments beginning 2/9/2005.
- [F3]This option was canceled pursuant to the Agreement and Plan of Merger dated as of December 20, 2004 between Black Box Corporation and Norstan, Inc. This option had an exercise price greater than the $5.60 per share tender offer price and was thus cancelled on the effective date of the merger without payment of any consideration therefor. The option granted 6/13/2002 was for 75,000 shares at $5.65 vesting over three equal annual installments beginning 6/13/2003.
- [F4]The options expire ten years from the date of grant.
Documents
Issuer
NORSTAN INC
CIK 0000072418
Entity typeother
Related Parties
1- filerCIK 0001209195
Filing Metadata
- Form type
- 4
- Filed
- Jan 26, 7:00 PM ET
- Accepted
- Jan 27, 3:47 PM ET
- Size
- 12.4 KB