BOCA RESORTS INC 4
4 · BOCA RESORTS INC · Filed Dec 14, 2004
Insider Transaction Report
Form 4
MOOR WAYNE
SVP, Treasurer & CFO
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2004-12-10$13.15/sh−50,000$657,500→ 0 totalExercise: $10.85Exp: 2012-10-28→ 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)
Footnotes (3)
- [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 $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).
- [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 $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).
- [F3]This option, which provided for vesting in four equal annual installments beginning 10/28/03, the first anniversary of the date of grant, was canceled in the merger in exchange for a cash payment of $657,500, 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).