Besier Klaus P 4
4 · ERESEARCHTECHNOLOGY INC /DE/ · Filed Jul 6, 2012
Insider Transaction Report
Form 4
Besier Klaus P
Director
Transactions
- Disposition to Issuer
Common Stock, $.01 par value
2012-07-03$8.00/sh−10,570$84,560→ 0 total - Disposition to Issuer
Option (Right to Buy)
2012-07-03$1.79/sh−10,870$19,457→ 0 totalExercise: $6.21Exp: 2021-05-03→ Common Stock, $.01 par value (10,870 underlying) - Disposition to Issuer
Option (Right to Buy)
2012-07-03$1.91/sh−11,130$21,258→ 0 totalExercise: $6.09Exp: 2020-12-07→ Common Stock, $.01 par value (11,130 underlying)
Footnotes (3)
- [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 $84,560 representing the per share consideration paid in the merger.
- [F2]This option, which vested in three equal annual installments commencing on May 3, 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 $19,457.30, representing the difference between the exercise price of the option and the per share consideration paid in the merger.
- [F3]This option, which vested on December 7, 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 $21,258.30, representing the difference between the exercise price of the option and the per share consideration paid in the merger.