LARSON STEPHEN R 4
4 · CPI INTERNATIONAL, INC. · Filed Feb 15, 2011
Insider Transaction Report
Form 4
LARSON STEPHEN R
Director
Transactions
- Disposition to Issuer
Common Stock, par value $0.01 per share
2011-02-11$19.50/sh−16,799$327,581→ 0 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2011-02-11$2.41/sh+6,000$14,460→ 0 totalExercise: $17.09From: 2010-02-22Exp: 2017-02-08→ Common Stock (6,000 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to merger agreement between issuer and CPI International Acquisition, Inc. (formerly Catalyst Holdings, Inc.) in exchange for $19.50 per share in cash.
- [F2]This option provided for vesting in three equal annual installments: one-third vested on the day before each of the first, second and third annual stockholders meetings occurring after the date of grant. The option was cancelled in exchange for a cash payment equal to the excess of the amount payable for shares in the merger ($19.50) over the exercise price, resulting in a net payment of $2.41 per option.