ERESEARCHTECHNOLOGY INC /DE/ 4
4 · ERESEARCHTECHNOLOGY INC /DE/ · Filed Jul 6, 2012
Insider Transaction Report
Form 4
LITWIN JEFFREY S
Exec. V.P., Chief Medical Off
Transactions
- Disposition to Issuer
Common Stock, $.01 par value
2012-07-03−43,644→ 192,947 total - Disposition to Issuer
Common Stock, $.01 par value
2012-07-03$8.00/sh−192,947$1,543,576→ 0 total - Disposition to Issuer
Option (Right to Buy)
2012-07-03$1.79/sh−31,327$56,075→ 0 totalExercise: $6.21Exp: 2018-05-03→ Common Stock, $.01 par value (31,327 underlying) - Disposition to Issuer
Option (Right to Buy)
2012-07-03$1.54/sh−35,437$54,573→ 0 totalExercise: $6.46Exp: 2018-03-02→ Common Stock, $.01 par value (35,437 underlying) - Disposition to Issuer
Option (Right to Buy)
2012-07-03$3.40/sh−50,000$170,000→ 0 totalExercise: $4.60Exp: 2016-03-02→ Common Stock, $.01 par value (50,000 underlying) - Disposition to Issuer
Option (Right to Buy)
2012-07-03$0.59/sh−20,000$11,800→ 0 totalExercise: $7.41Exp: 2014-02-23→ Common Stock, $.01 par value (20,000 underlying) - Disposition to Issuer
Option (Right to Buy)
2012-07-03$1.71/sh−52,500$89,775→ 0 totalExercise: $6.29Exp: 2013-04-22→ Common Stock, $.01 par value (52,500 underlying) - Disposition to Issuer
Option (Right to Buy)
2012-07-03$1.95/sh−36,456$71,089→ 0 totalExercise: $6.05Exp: 2017-02-26→ Common Stock, $.01 par value (36,456 underlying)
Footnotes (7)
- [F1]These shares were disposed of pursuant to the Agreement and Plan of Merger dated as of April 9, 2012 by and among eResearchTechnology, Inc., Explorer Holdings, Inc. and Explorer Acquisition Corp. in exchange for a cash payment of $1,543,576, representing the per share consideration paid in the merger.
- [F2]This option, which vested in four equal annual installments commencing on May 5, 2012, was canceled pursuant to the Agreement and Plan of Merger dated as of April 9, 2012 by and among eResearchTechnology, Inc., Explorer Holdings, Inc. and Explorer Acquisition Corp. in exchange for a cash payment of $56,075.33, representing the difference between the exercise price of the option and the per share consideration paid in the merger.
- [F3]This option, which vested in four equal annual installments commencing on March 2, 2012, was canceled pursuant to the Agreement and Plan of Merger dated as of April 9, 2012 by and among eResearchTechnology, Inc., Explorer Holdings, Inc. and Explorer Acquisition Corp. in exchange for a cash payment of $54,572.98, representing the difference between the exercise price of the option and the per share consideration paid in the merger.
- [F4]This option, which vested in four equal annual installments commencing on February 26, 2011, was canceled pursuant to the Agreement and Plan of Merger dated as of April 9, 2012 by and among eResearchTechnology, Inc., Explorer Holdings, Inc. and Explorer Acquisition Corp. in exchange for a cash payment of $71,089.20, representing the difference between the exercise price of the option and the per share consideration paid in the merger.
- [F5]This option, which vested in four equal annual installments commencing on March 2, 2010, was canceled pursuant to the Agreement and Plan of Merger dated as of April 9, 2012 by and among eResearchTechnology, Inc., Explorer Holdings, Inc. and Explorer Acquisition Corp. in exchange for a cash payment of $170,000, representing the difference between the exercise price of the option and the per share consideration paid in the merger.
- [F6]This option, which vested in four equal annual installments commencing on February 23, 2008, was canceled pursuant to the Agreement and Plan of Merger dated as of April 9, 2012 by and among eResearchTechnology, Inc., Explorer Holdings, Inc. and Explorer Acquisition Corp. in exchange for a cash payment of $11,800, representing the difference between the exercise price of the option and the per share consideration paid in the merger.
- [F7]This option, which vested in four equal annual installments commencing on April 22, 2004, was canceled pursuant to the Agreement and Plan of Merger dated as of April 9, 2012 by and among eResearchTechnology, Inc., Explorer Holdings, Inc. and Explorer Acquisition Corp. in exchange for a cash payment of $89,775, representing the difference between the exercise price of the option and the per share consideration paid in the merger.