MSC SOFTWARE CORP 4
4 · MSC SOFTWARE CORP · Filed Oct 19, 2009
Insider Transaction Report
Form 4
SCHRIESHEIM ROBERT A
Director
Transactions
- Disposition to Issuer
Nonqualified Stock Option Grant (right to buy)
2009-10-13$1.64/sh−10,000$16,400→ 0 totalExercise: $6.76From: 2010-01-01Exp: 2019-01-01→ Common Stock (10,000 underlying)
Footnotes (1)
- [F1]Vested as of 1/1/10 if Mr. Schriesheim was still a director of the Company. This stock option was cancelled pursuant to the terms of a merger agreement among the issuer, Maximus Holdings Inc. (a corporation controlled by Symphony Technologies Group) and Maximus Inc. (a wholly-owned subsidiary of Maximus Holdings Inc.) in exchange for a cash payment of $1.64 per share (the difference between the exercise price of $6.76 and the merger price of $8.40 per share) or $16,400.00 (gross before tax/other withholdings).