LATIMER HENRY 4
4 · BOCA RESORTS INC · Filed Dec 14, 2004
Insider Transaction Report
Form 4
LATIMER HENRY
Director
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2004-12-10$4.75/sh−25,000$118,750→ 0 totalExercise: $19.25Exp: 2007-08-07→ Class A Common Stock (25,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2004-12-10$13.63/sh−20,000$272,500→ 0 totalExercise: $10.38Exp: 2008-11-17→ Class A Common Stock (20,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2004-12-10$10.45/sh−10,000$104,500→ 0 totalExercise: $13.55Exp: 2013-11-07→ Class A Common Stock (10,000 underlying)
Footnotes (8)
- [F1]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 $104,500, 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).
- [F2]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 $128,400, 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 11/05/02, the first anniversary of the date of grant, was canceled in the merger in exchange for a cash payment of $146,800, 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 11/02/01, the first anniversary of the date of grant, was canceled in the merger in exchange for a cash payment of $103,125, 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 11/15/00, the first anniversary of the date of grant, was canceled in the merger in exchange for a cash payment of $145,000, 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 11/17/99, the first anniversary of the date of grant, was canceled in the merger in exchange for a cash payment of $272,500, 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 11/17/98, the first anniversary of the date of grant, was canceled in the merger in exchange for a cash payment of $48,750, 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 8/07/97, the first anniversary of the date of grant, was canceled in the merger in exchange for a cash payment of $118,750, 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).