Karnik P K 4
4 · CHORDIANT SOFTWARE INC · Filed Apr 30, 2010
Insider Transaction Report
Form 4
Karnik P K
SVP & GM, WW Client Services
Transactions
- Disposition from Tender
Common Stock
2010-04-21$5.00/sh−30,000$150,000→ 0 total - Disposition to Issuer
Common Stock
2010-04-21−85,000→ 0 total - Exercise/Conversion
Restricted Stock Units
2010-04-21−25,000→ 0 totalFrom: 2010-04-21Exp: 2010-04-21→ Common Stock (25,000 underlying) - Exercise/Conversion
Restricted Stock Units
2010-04-21−60,000→ 0 totalFrom: 2010-04-21Exp: 2010-04-21→ Common Stock (60,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2010-04-21−90,000→ 0 totalExercise: $8.25Exp: 2017-02-13→ Common Stock (90,000 underlying) - Exercise/Conversion
Common Stock
2010-04-21+60,000→ 60,000 total - Exercise/Conversion
Common Stock
2010-04-21+25,000→ 85,000 total - Disposition to Issuer
Stock Option (right to buy)
2010-04-21−49,000→ 0 totalExercise: $2.87Exp: 2016-11-23→ Common Stock (49,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2010-04-21−35,000→ 0 totalExercise: $9.25Exp: 2017-11-19→ Common Stock (35,000 underlying)
Footnotes (8)
- [F1]Disposed of pursuant to the terms of the Agreement and Plan of Merger dated March 14, 2010 by and among Pegasystems Inc., Maple Leaf Acquisition Corp. and Chordiant Software, Inc. (the "Merger Agreement") in exchange for the right to receive an amount in cash equal to $5.00 per share on the effective date of the merger.
- [F2]Reflects conversion of RSU into Common Stock
- [F3]Each restricted stock unit represents a contingent right to receive one share of CHRD common stock.
- [F4]Reflects shares that vested on 4/21/2010 under RSU grant from 11/25/2008
- [F5]Reflects shares that vested on 4/21/2010 under RSU grant from 11/24/2009
- [F6]This option, which provided for vesting in equal monthly installments over four years beginning 11/24/2009, was assumed by Pegasystems Inc. pursuant to the Merger Agreement and replaced with an option to purchase 6,408 shares of Pegasystems Inc. common stock for $21.943 per share.
- [F7]This option, which provided for vesting in equal monthly installments over four years beginning 10/11/2007, was cancelled pursuant to the Merger Agreement with Pegasystems Inc.
- [F8]This option, which provided for vesting in equal monthly installments over three years after a one year cliff beginning 08/14/2006, was cancelled pursuant to the Merger Agreement with Pegasystems Inc.