Hayman Leslie 4
4 · NEOWARE INC · Filed Oct 2, 2007
Insider Transaction Report
Form 4
NEOWARE INCNWRE
Hayman Leslie
Director
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2007-09-30$3.86/sh−10,000$38,600→ 0 totalExercise: $12.39Exp: 2017-04-27→ Common Stock (10,000 underlying)
Footnotes (3)
- [F1]Pursuant to an Agreement and Plan of Merger between Neoware, Inc., Hewlett-Packard Company and Narwhal Acquisition Corporation, dated as of July 23, 2007, this stock option was converted into the right to receive $16.25 less the applicable exercise price in respect of each share of common stock underlying such option as of 11:59 p.m. on September 30, 2007, the effective date of the merger.
- [F2]This stock option, which provided for vesting in one installment on October 27, 2007, was vested and converted in the merger into the right to receive a cash payment of $38,600, representing the difference between the exercise price of the option and the merger consideration per share ($16.25) of the underlying Neoware, Inc. common stock on the effective date of the merger multiplied by the number of shares of Neoware, Inc. common stock subject to this option disposed of by the reporting person in connection with the merger.
- [F3]This amount represents the per share difference between the exercise price of the option and the merger consideration per share of the underlying Neoware, Inc. common stock on the effective date of the merger ($16.25 per share).