BLACK JOHN R 4
4 · WESTAFF INC · Filed Mar 23, 2009
Insider Transaction Report
Form 4
WESTAFF INCwstf
BLACK JOHN R
Director
Transactions
- Disposition to Issuer
Stock Options
2009-03-19−3,000→ 0 totalExercise: $2.10Exp: 2018-04-16→ Common Stock (3,000 underlying) - Disposition to Issuer
Stock Options
2009-03-19−3,000→ 0 totalExercise: $5.56Exp: 2017-05-13→ Common Stock (3,000 underlying)
Footnotes (2)
- [F1]100% of the Shares subject to the Option vest twelve months after the Date of Award.
- [F2]These 3,000 stock options were disposed of in connection with the consummation of the merger (the "Merger") contemplated by that certain Agreement and Plan of Merger, dated as of January 28, 2009, by and among Westaff, Inc., Koosharem Corporation and Select Merger Sub Inc. These options were cancelled in the Merger for no consideration.