MSC SOFTWARE CORP 4/A
4/A · MSC SOFTWARE CORP · Filed Oct 19, 2009
Insider Transaction Report
Form 4/AAmended
Munshi Ashfaq A
Directorinterim CEO and President
Transactions
- Disposition to Issuer
Non-qualified Stock Option (right to buy)
2009-10-13$1.64/sh−10,000$16,400→ 0 totalExercise: $6.76Exp: 2019-01-01→ Common stock (10,000 underlying) - Disposition to Issuer
Restricted Stock Unit
2009-10-13$8.40/sh−44,843$376,681→ 0 totalExp: 2010-03-11→ Common Stock (44,843 underlying)
Footnotes (3)
- [F1]1 for 1
- [F2]March 11, 2009 restricted stock unit grant that would have vested on March 11, 2010 if Mr. Munshi was still an employee or director of the Company. Grant was cancelled pursuant to a merger agreement between issuer, Maximus Holdings Inc. (a corporation controlled by Symphony Technology Group) and Maximus Inc. (a wholly-owned subsidiary of Maximus Holdings Inc.) (the "MA") in exchange for a cash payment of $8.40 per share (the "merger price") or $376,681.20 (gross before taxes/other withholdings).
- [F3]This amended report corrects Table II to include the disposition of this non-qualified stock option grant dated 1/2/09 that would have vested on 1/1/10 if Mr. Munshi was still a director of the Company. The stock option was cancelled pursuant to the MA in exchange for a cash payment of $1.64 per share (the difference between the exercise price of $6.76 and the merger price of $8.40 per share) or $16,400.00 (gross before tax/withholdings).