PACHLER CHRISTOPH 4
4 · PLAYBOY ENTERPRISES INC · Filed Mar 8, 2011
Insider Transaction Report
Form 4
PLAYBOY ENTERPRISES INCPLA, PLAA
PACHLER CHRISTOPH
EVP, CFO
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2011-03-04$2.57/sh−275,000$706,750→ 0 totalExercise: $3.58Exp: 2020-05-24→ Common-Class B (275,000 underlying)
Footnotes (1)
- [F1]This option was cancelled at the effective time of the merger and automatically ceased to exist in exchange for cash payment equal to (i) the excess of $6.15 over the per share exercise price of such option, multiplied by (ii) the number of shares covered by such option, pursuant to the Agreement and Plan of Merger, dated as of January 9, 2011, by and among Playboy Enterprises, Inc., a Delaware corporation, Icon Acquisition Holdings, L.P., a Delaware limited partnership, and icon merger Sub, Inc., a Delaware corporation.