4//SEC Filing
Schneider Keith J 4
Accession 0001277423-12-000019
CIK 0001410240other
Filed
Jul 26, 8:00 PM ET
Accepted
Jul 27, 4:03 PM ET
Size
14.7 KB
Accession
0001277423-12-000019
Insider Transaction Report
Form 4
Schneider Keith J
President of Networkfleet, Inc
Transactions
- Disposition to Issuer
Option to Purchase
2012-07-26$8.60/sh−30,000$258,000→ 0 totalExercise: $3.40Exp: 2020-04-27→ Common Stock (30,000 underlying) - Disposition to Issuer
Common Stock
2012-07-26$12.00/sh−27,039$324,468→ 0 total - Disposition to Issuer
Option to Purchase
2012-07-26$10.35/sh−8,409$87,033→ 0 totalExercise: $1.65Exp: 2017-04-11→ Common Stock (8,409 underlying) - Disposition to Issuer
Option to Purchase
2012-07-26$6.81/sh−80,000$544,800→ 0 totalExercise: $5.19Exp: 2019-06-05→ Common Stock (80,000 underlying) - Disposition to Issuer
Option to Purchase
2012-07-26−28,167→ 0 totalExercise: $1.65Exp: 2017-04-11→ Common Stock (28,167 underlying)
Footnotes (4)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of June 1, 2012, by and among the Company, Verizon Communications Inc. and Verizon Telematics Inc. (the "Merger Agreement"), this option, which vested in three equal installments on each of April 9, 2008, April 9, 2009 and April 9, 2010, was cancelled in exchange for a cash payment of $10.35 per share representing the difference between the exercise price of the option and the $12.00 per share merger consideration.
- [F2]Pursuant to the Merger Agreement, this option, which provided for vesting upon the achievement of certain target trading prices of the Company's common stock prior to March 31, 2014, was cancelled without consideration.
- [F3]Pursuant to the Merger Agreement, this option, which vested as to 40,000 shares on June 5, 2011 and 20,000 shares on each of June 5, 2012 and July 26, 2012, was cancelled in exchange for a cash payment of $6.81 per share representing the difference between the exercise price of the option and the $12.00 per share merger consideration.
- [F4]Pursuant to the Merger Agreement, this option, which vested as to 15,000 shares on April 27, 2012 and 15,000 shares on July 26, 2012, was cancelled in exchange for a cash payment of $8.60 per share representing the difference between the exercise price of the option and the $12.00 per share merger consideration.
Documents
Issuer
HUGHES Telematics, Inc.
CIK 0001410240
Entity typeother
Related Parties
1- filerCIK 0001460064
Filing Metadata
- Form type
- 4
- Filed
- Jul 26, 8:00 PM ET
- Accepted
- Jul 27, 4:03 PM ET
- Size
- 14.7 KB