ERESEARCHTECHNOLOGY INC /DE/ 4
4 · ERESEARCHTECHNOLOGY INC /DE/ · Filed Jul 6, 2012
Insider Transaction Report
Form 4
HITCHNER ELAM M III
Director
Transactions
- Disposition to Issuer
Common Stock, $.01 par value
2012-07-03$8.00/sh−17,143$137,144→ 0 total - Disposition to Issuer
Option (Right to Buy)
2012-07-03$0.63/sh−9,212$5,804→ 0 totalExercise: $7.37Exp: 2020-04-30→ Common Stock, $.01 par value (9,212 underlying) - 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$3.40/sh−22,000$74,800→ 0 totalExercise: $4.60Exp: 2019-03-02→ Common Stock, $.01 par value (22,000 underlying)
Footnotes (4)
- [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 $137,144 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 April 30, 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 $5,803.56, representing the difference between the exercise price of the option and the per share consideration paid in the merger.
- [F4]This option, which vested on March 2, 2009, 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 $74,800, representing the difference between the exercise price of the option and the per share consideration paid in the merger.