Heather Mike 4
4 · PROSPECT MEDICAL HOLDINGS INC · Filed Dec 16, 2010
Insider Transaction Report
Form 4
Heather Mike
Chief Financial Officer
Transactions
- Disposition to Issuer
Common Stock
2010-12-15−261,882→ 47,618 total - Disposition to Issuer
Common Stock
2010-12-15$8.50/sh−47,618$404,753→ 0 total - Disposition to Issuer
Option (right to buy)
2010-12-15$3.50/sh−300,000$1,050,000→ 0 totalExercise: $5.00→ Common Stock (300,000 underlying) - Exercise/Conversion
Common Stock
2010-12-14$5.20/sh+9,500$49,400→ 309,500 total - Disposition to Issuer
Option (right to buy)
2010-12-15$4.10/sh−200,000$820,000→ 0 totalExercise: $4.40Exp: 2014-12-18→ Common Stock (200,000 underlying) - Exercise/Conversion
Option (right to buy)
2010-12-14−9,500→ 0 totalExercise: $5.20Exp: 2012-05-30→ Common Stock (9,500 underlying)
Footnotes (7)
- [F1]Disposed of upon the merger (the "merger") consummated pursuant to the Agreement and Plan of Merger, dated as of August 16, 2010, among the issuer, Ivy Holdings Inc. ("Ivy Holdings"), and Ivy Merger Sub Corp. ("Merger Sub"), a wholly owned indirect subsidiary of Ivy Holdings ("Merger Agreement"), based on a value of $8.50 per share, in exchange for shares of common stock of Ivy Holdings.
- [F2]Includes 33,334 restricted shares that vested in connection with the transactions under the Merger Agreement.
- [F3]Disposed of upon consummation of the merger pursuant to the Merger Agreement in exchange for a cash payment of $8.50 per share on the effective date of the merger.
- [F4]These options were fully vested prior to the merger.
- [F5]These options vested 1/3 on June 1, 2009 and 1/3 on June 1, 2010. The remaining 1/3 were to vest on June 1, 2011. Such unvested options were accelerated in connection with the merger to vest in full immediately prior to the merger.
- [F6]These options were canceled in the merger in exchange for a cash payment representing the difference between the exercise price of the option and the merger consideration of $8.50 per share.
- [F7]These options were to expire three years after termination of Mr. Heather's employment.