4//SEC Filing
LIONBRIDGE TECHNOLOGIES INC /DE/ 4
Accession 0001328319-17-000019
CIK 0001058299operating
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 3:24 PM ET
Size
18.0 KB
Accession
0001328319-17-000019
Insider Transaction Report
Form 4
COWAN RORY J
DirectorDirector, CEO, President
Transactions
- Disposition to Issuer
common stock
2017-02-28$5.75/sh−4,092,933$23,534,365→ 0 total - Tax Payment
common stock
2017-02-28$5.75/sh−437,333$2,514,665→ 4,092,933 total - Disposition to Issuer
stock option (right to buy)
2017-02-28$1.84/sh−80,000$147,200→ 0 totalExercise: $3.91Exp: 2018-01-28→ common stock (80,000 underlying) - Disposition to Issuer
stock option (right to buy)
2017-02-28$0.30/sh−30,000$9,000→ 0 totalExercise: $5.45Exp: 2024-01-13→ common stock (30,000 underlying) - Disposition to Issuer
stock option (right to buy)
2017-02-28$0.70/sh−30,000$21,000→ 0 totalExercise: $5.05Exp: 2025-02-04→ common stock (30,000 underlying) - Disposition to Issuer
stock option (right to buy)
2017-02-28$3.02/sh−80,000$241,600→ 0 totalExercise: $2.73Exp: 2022-02-02→ common stock (80,000 underlying) - Disposition to Issuer
stock option (right to buy)
2017-02-28$1.75/sh−60,000$105,000→ 0 totalExercise: $4.00Exp: 2023-01-04→ common stock (60,000 underlying)
Footnotes (3)
- [F1]Remittance of shares to cover tax obligation due to acceleration under the Agreement and Plan of Merger of previously reported restricted common stock and long-term incentive performance restricted common stock.
- [F2]Disposed of pursuant to the Agreement and Plan of Merger, dated as of December 12, 2016, by and among Lionbridge Technologies, Inc. ("Lionbridge") and entities affiliated with H.I.G. Capital, LLC (the "Merger Agreement"). The Merger Agreement provides that each share of Lionbridge common stock and each outstanding restricted stock unit shall be converted into the right to receive $5.75 in cash, without interest (the "Merger").
- [F3]Immediately prior to the effective time of the Merger, each Lionbridge option, whether or not vested and exercisable, outstanding and unexercised immediately prior to the effective time was converted into the right to receive an amount in cash (less applicable tax withholdings) equal to the product of (a) the excess of $5.75 over the per share exercise price of such stock option and (b) the total number of shares of common stock subject to such stock option.
Documents
Issuer
LIONBRIDGE TECHNOLOGIES INC /DE/
CIK 0001058299
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001058299
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 3:24 PM ET
- Size
- 18.0 KB