DENDRITE INTERNATIONAL INC 4
4 · DENDRITE INTERNATIONAL INC · Filed May 11, 2007
Insider Transaction Report
Form 4
RIPP JOSEPH A
President and COO
Transactions
- Disposition to Issuer
Options to Purchase Common Stock
2007-05-09−500,000→ 0 totalExercise: $17.55→ Common Stock (500,000 underlying) - Disposition to Issuer
Common Stock
2007-05-09$16.00/sh−358,910$5,742,560→ 0 total
Footnotes (3)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger by and among the Issuer, Cegedim SA and Dogwood Enterprises, Inc., dated as of March 1, 2007, in exchange for a $16.00 cash payment (without interest and less applicable withholding taxes) for (i) each share of Common Stock of the Issuer held by the reporting person and (ii) each share of Common Stock of the Issuer underlying each restricted stock unit held by the reporting person.
- [F2]Options outstanding under the Company's stock plans, whether or not exercisable or vested, were canceled as of the effective time of the Issuer's merger with Cegedim SA (May 9, 2007), and holders of options are to receive a cash payment (without interest and less applicable withholding taxes) equal to the excess, if any, of $16.00 over the exercise price of such option, multiplied by the number of shares of Common Stock of the Issuer covered by each such option.
- [F3]These options are fully vested and provided for an expiration date of November 1, 2015.