MSC SOFTWARE CORP 4
4 · MSC SOFTWARE CORP · Filed Oct 19, 2009
Insider Transaction Report
Form 4
JABBAR MASOOD
Director
Transactions
- Disposition to Issuer
Nonqualified Stock Option Award (right to buy)
2009-10-13$3.62/sh−15,000$54,300→ 0 totalExercise: $4.78From: 2010-03-15Exp: 2019-03-15→ Common Stock (15,000 underlying)
Footnotes (1)
- [F1]Vested 3/15/10 if still a director with the Company. Stock option was cancelled pursuant to the terms of the merger agreement between issuer, Maximus Holdings Inc. (a corporation controlled by Symphony Technology Group) and Maximus Inc. (a wholly-owned subsidiary of Maximus Holdings Inc.) in exchange for a cash payment of $3.62 per share (the difference between the option price and the merger price of $8.40 per share) or $54,300.00 (gross before tax/other withholdings).