HANDLEY RICHARD L 4
4 · BOCA RESORTS INC · Filed Dec 14, 2004
Insider Transaction Report
Form 4
HANDLEY RICHARD L
SVP,Secretary,General Counsel
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2004-12-10$10.31/sh−50,000$515,625→ 0 totalExercise: $13.69Exp: 2010-11-02→ Class A Common Stock (50,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2004-12-10$10.45/sh−37,500$391,875→ 0 totalExercise: $13.55Exp: 2013-11-07→ Class A Common Stock (37,500 underlying) - Disposition to Issuer
Class A Common Stock
2004-12-10$24.00/sh−15,000$360,000→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2004-12-10−63,600→ 0 totalExercise: $25.00Exp: 2007-05-21→ Class A Common Stock (63,600 underlying)
Footnotes (9)
- [F1]Disposed of pursuant to an Agreement and Plan of Merger, dated as of October 20, 2004, between the Boca Resorts, Inc., Baton Holdings Inc. and Baton Acquisition Inc. in exchange for $24 per share on the effective date of the merger.
- [F2]This option, which provided for vesting in four equal annual installments beginning 11/07/04, the first anniversary of the date of grant, was canceled in the merger in exchange for a cash payment of $391,875, representing the difference between the exercise price of the option and the market value of the underlying Class A common stock of Boca Resorts, Inc. on the effective date of the merger (i.e., $24 per share).
- [F3]This option, which provided for vesting in four equal annual installments beginning 11/19/03, the first anniversary of the date of grant, was canceled in the merger in exchange for a cash payment of $481,500, representing the difference between the exercise price of the option and the market value of the underlying Class A common stock of Boca Resorts, Inc. on the effective date of the merger (i.e., $24 per share).
- [F4]This option, which provided for vesting in four equal annual installments beginning 11/05/02, the first anniversary of the date of grant, was canceled in the merger in exchange for a cash payment of $550,500, representing the difference between the exercise price of the option and the market value of the underlying Class A common stock of Boca Resorts, Inc. on the effective date of the merger (i.e., $24 per share).
- [F5]This option, which provided for vesting in four equal annual installments beginning 11/02/01, the first anniversary of the date of grant, was canceled in the merger in exchange for a cash payment of $515,625, representing the difference between the exercise price of the option and the market value of the underlying Class A common stock of Boca Resorts, Inc. on the effective date of the merger (i.e., $24 per share).
- [F6]This option, which provided for vesting in four equal annual installments beginning 1/03/01, the first anniversary of the date of grant, was canceled in the merger in exchange for a cash payment of $712,500, representing the difference between the exercise price of the option and the market value of the underlying Class A common stock of Boca Resorts, Inc. on the effective date of the merger (i.e., $24 per share).
- [F7]This option, which provided for vesting in four equal annual installments beginning 1/04/00, the first anniversary of the date of grant, was canceled in the merger in exchange for a cash payment of $734,375, representing the difference between the exercise price of the option and the market value of the underlying Class A common stock of Boca Resorts, Inc. on the effective date of the merger (i.e., $24 per share).
- [F8]This option, which provided for vesting in four equal annual installments beginning 1/02/99, the first anniversary of the date of grant, was canceled in the merger in exchange for a cash payment of $337,500, representing the difference between the exercise price of the option and the market value of the underlying Class A common stock of Boca Resorts, Inc. on the effective date of the merger (i.e., $24 per share).
- [F9]This option, which provided for vesting in four equal annual installments beginning 5/21/98, the first anniversary of the date of grant, was canceled in the merger in exchange for a cash payment of $0.0, representing the difference between the exercise price of the option and the market value of the underlying Class A common stock of Boca Resorts, Inc. on the effective date of the merger (i.e., $24 per share).