COMPUWARE CORP 4
4 · COMPUWARE CORP · Filed Dec 16, 2014
Insider Transaction Report
Form 4
COMPUWARE CORPCPWR
O'Malley Christopher T
President Mainframe Operations
Transactions
- Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2014-12-15$1.67/sh−178,253$298,289→ 0 totalExercise: $8.72From: 2017-05-31Exp: 2024-08-01→ Common stock (178,253 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2014-12-15$1.67/sh−295,000$493,653→ 0 totalExercise: $8.72From: 2015-08-01Exp: 2024-08-01→ Common stock (295,000 underlying) - Disposition to Issuer
Restricted Stock Units
2014-12-15$10.39/sh−36,630$380,556→ 0 totalFrom: 2015-08-01→ Common stock (36,630 underlying)
Footnotes (6)
- [F1]The stock option would have vested upon the satisfaction of certain performance conditions.
- [F2]The option was cancelled in the merger in exchange for cash consideration. The exercise price was previously reduced by $0.3842 pursuant to the terms of the plan to reflect the Covisint Corporation spin-off. The cash consideration equals the difference between the merger consideration per share and the adjusted exercise price per share, multiplied by the number of unexercised options held at the time of the merger.
- [F3]The stock option vests annually on the anniversary of the grant in 25% increments.
- [F4]1 for 1
- [F5]The RSU vests annually on the anniversary of the grant in 25% increments.
- [F6]The restricted stock units ("RSUs") were cancelled in the merger in exchange for cash consideration equal to the merger consideration per share multiplied by the number of RSUs held at the time of the merger.