ANAREN INC 4
4 · ANAREN INC · Filed Feb 20, 2014
Insider Transaction Report
Form 4
ANAREN INCANEN
ROSS TIMOTHY
Sr. Vice Pres,Bus. Development
Transactions
- Disposition to Issuer
Common Stock
2014-02-18$28.00/sh−82,751$2,317,028→ 0 total - Disposition to Issuer
Stock Option
2014-02-18−7,661→ 0 totalExercise: $12.05Exp: 2014-08-30→ Common Stock (7,661 underlying) - Disposition to Issuer
Stock Option
2014-02-18−18,000→ 0 totalExercise: $14.05Exp: 2015-08-10→ Common Stock (18,000 underlying) - Disposition to Issuer
Stock Option
2014-02-18−8,339→ 0 totalExercise: $12.05Exp: 2014-08-30→ Common Stock (8,339 underlying) - Disposition to Issuer
Stock Option
2014-02-18−7,500→ 0 totalExercise: $19.56Exp: 2016-08-09→ Common Stock (7,500 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger among ANVC Merger Corp., Anaren Holding Corp. (f/k/a ANVC Holding Corp.) and the Issuer (the "Merger Agreement") in exchange for $28.00 per share (the "Merger Consideration").
- [F2]A portion of the Issuer common stock disposed of was restricted stock in the amounts of 5,929, 5,245, 7,793, 4,844, and 4,051, which, in connection with the merger of ANVC Merger Corp. into the Issuer (the "Merger"), was vested and cancelled in exchange for a per share cash payment equal to the Merger Consideration without interest less any applicable withholding taxes.
- [F3]In connection with the Merger, this stock option was automatically deemed exercised on a net share basis and the shares of Issuer common stock resulting from the net exercise were deemed issued, immediately after which, each share of Issuer common stock was cancelled in exchange for a per share cash payment equal to the Merger Consideration without interest less any applicable withholding taxes, and for this reason, the shares deemed issued were not reported in Table I.