ATHEROS COMMUNICATIONS INC 4
4 · ATHEROS COMMUNICATIONS INC · Filed May 24, 2011
Insider Transaction Report
Form 4
HARRIS CHARLES E
Director
Transactions
- Disposition to Issuer
Director Stock Options (right to buy)
2011-05-24$36.59/sh−31,225$1,142,523→ 0 totalExercise: $8.41Exp: 2019-02-26→ Common Stock (31,225 underlying) - Disposition to Issuer
Common Stock
2011-05-24$45.00/sh−34,935$1,572,075→ 0 total - Disposition to Issuer
Director Stock Options (right to buy)
2011-05-24$11.88/sh−7,500$89,100→ 0 totalExercise: $33.12Exp: 2020-05-23→ Common Stock (7,500 underlying)
Footnotes (4)
- [F1]Disposed of pursuant to that certain Agreement and Plan of Merger dated as of January 5, 2011 (the "Merger Agreement"), by and among Atheros Communications, Inc., a Delaware corporation (the "Issuer"), Qualcomm Incorporated, a Delaware corporation ("Qualcomm"), and T Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Qualcomm ("Merger Sub"), pursuant to which Merger Sub merged with and into the Issuer with the Issuer surviving the merger as a wholly owned subsidiary of Qualcomm (the "Merger"), in exchange for $45.00 per share on the effective date of the Merger.
- [F2]The options become exercisable in 48 equal monthly installments commencing on 6/24/2010. All of the options became exercisable upon the effective date of the Merger.
- [F3]This option was cancelled and converted into the right to receive a cash payment equal to the number of shares of the Issuer's common stock underlying this option multiplied by the amount, if any, that $45.00 exceeded the exercise price of this option, less any applicable withholding taxes, pursuant to the Merger Agreement.
- [F4]The options are fully vested and exercisable.