Michel Eduard 4
4 · Virtual Radiologic CORP · Filed Jul 14, 2010
Insider Transaction Report
Form 4
Michel Eduard
DirectorChief Medical Officer
Transactions
- Disposition to Issuer
Common Stock
2010-07-12$17.25/sh−981,692$16,934,187→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2010-07-12$5.25/sh−16,667$87,502→ 0 totalExercise: $12.00Exp: 2016-07-01→ Common Stock (16,667 underlying)
Footnotes (2)
- [F1]Includes restricted stock that vested and was canceled at the effective time of the merger (the "Merger") pursuant to that certain Agreement and Plan of Merger dated as of May 16, 2010 by and among Virtual Radiologic Corporation ("vRad") and affiliates of Providence Equity Partners L.L.C. Includes 100,000 shares that were held by a grantor retained annuity trust for the benefit of Dr. Michel's children.
- [F2]This option, which provided for vesting in three annual installments over three years, was canceled in the Merger in exchange for a cash payment representing the number of shares of vRad's common stock underlying such option multiplied by the difference between the exercise price of the option and the per share purchase price of $17.25.