Earnings Feed
Sign Up
Home/Filings/4/0001225208-14-025207
4//SEC Filing

COMPUWARE CORP 4

Accession 0001225208-14-025207

CIK 0000859014operating
View on SEC.govCompany Profile

Filed

Dec 15, 7:00 PM ET

Accepted

Dec 16, 10:31 AM ET

Size

30.0 KB

Accession

0001225208-14-025207

Insider Transaction Report

Form 4
Period: 2014-12-15
COMPUWARE CORPCPWR
Van Siclen John
Senior VP and General Manager
Transactions
  • Disposition to Issuer

    Non-Qualified Stock Option (right to buy)

    2014-12-15$0.41/sh−350,000$144,690→ 0 total
    Exercise: $9.98From: 2015-05-01Exp: 2024-05-01→ Common stock (350,000 underlying)
  • Disposition to Issuer

    Non-Qualified Stock Option (right to buy)

    2014-12-15$0.78/sh−30,522$23,911→ 0 total
    Exercise: $9.61From: 2013-09-01Exp: 2022-09-01→ Common stock (30,522 underlying)
  • Disposition to Issuer

    Restricted Stock Units

    2014-12-15$10.39/sh−261,197$2,713,628→ 0 total
    From: 2015-05-01→ Common stock (261,197 underlying)
  • Disposition to Issuer

    Restricted Stock Units

    2014-12-15$10.39/sh−10,827$112,484→ 0 total
    From: 2014-06-27→ Common stock (10,827 underlying)
  • Disposition to Issuer

    Common stock

    2014-12-15$10.39/sh−4,227$43,915→ 0 total
  • Disposition to Issuer

    Dividend Equivalent Rights

    2014-12-15$10.39/sh−9,294.969$96,567→ 0 total
    → Common stock (9,294.969 underlying)
  • Disposition to Issuer

    Non-Qualified Stock Option (right to buy)

    2014-12-15$0.41/sh−151,210$62,510→ 0 total
    Exercise: $9.98From: 2017-05-31Exp: 2024-05-01→ Common stock (151,210 underlying)
  • Disposition to Issuer

    Restricted Stock Units

    2014-12-15$10.39/sh−6,256$64,995→ 0 total
    From: 2013-09-01Exp: 2016-09-01→ Common stock (6,256 underlying)
  • Disposition to Issuer

    Non-Qualified Stock Option (right to buy)

    2014-12-15$1.04/sh−50,000$52,170→ 0 total
    Exercise: $9.35From: 2015-05-31Exp: 2022-09-27→ Common stock (50,000 underlying)
  • Disposition to Issuer

    Non-Qualified Stock Option (right to buy)

    2014-12-15$2.09/sh−283,100$592,642→ 0 total
    Exercise: $8.30From: 2013-02-24Exp: 2022-02-24→ Common stock (283,100 underlying)
  • Disposition to Issuer

    Non-Qualified Stock Option (right to buy)

    2014-12-15$0.38/sh−57,034$21,867→ 0 total
    Exercise: $10.01From: 2014-06-27Exp: 2023-06-27→ Common stock (57,034 underlying)
  • Disposition to Issuer

    Restricted Stock Units

    2014-12-15$10.39/sh−85,650$889,835→ 0 total
    From: 2014-01-21Exp: 2016-01-21→ Common stock (85,650 underlying)
Footnotes (10)
  • [F1]Each dividend equivalent right ("DER") is in the form of RSUs that vest at the time the associated award vests and is the econimic equivalent of one share of Compuware common stock. The DERs 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.
  • [F10]The RSU vests annually on the anniversary of the grant in 25% increments.
  • [F2]The stock option vests on the anniversary date of the grant over three (3) years as follows: 40% on the first anniversary, 30% on the second anniversary and the remaining 30% on the third anniversary.
  • [F3]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.
  • [F4]The stock option would have vested upon the satisfaction of certain performance conditions.
  • [F5]The stock option vests annually on the anniversary of the grant in 25% increments.
  • [F6]1 for 1
  • [F7]The RSU vests on the anniversary date of the grant over three (3) years as follows: 40% on the first anniversary, 30% on the second anniversary and the remaining 30% on the third anniversary.
  • [F8]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.
  • [F9]36,197 RSUs vest annually on the anniversary of the grant in 25% increments and 225,000 RSUs vest on the anniversary date of the grant over three (3) years as follows: 40% on the first anniversary, 30% on the second anniversary and the remaining 30% on the third anniversary.

Documents

1 file

Issuer

COMPUWARE CORP

CIK 0000859014

→
Entity typeoperating
IncorporatedMI

Related Parties

1
  • filerCIK 0000859014

Filing Metadata

Form type
4
Filed
Dec 15, 7:00 PM ET
Accepted
Dec 16, 10:31 AM ET
Size
30.0 KB
View on SEC.gov