MSC SOFTWARE CORP 4
4 · MSC SOFTWARE CORP · Filed Oct 19, 2009
Insider Transaction Report
Form 4
Brinkley Randolph
Director
Transactions
- Disposition to Issuer
Nonqualified Stock Option Grant (right to buy)
2009-10-13$1.64/sh−10,000$16,400→ 0 totalExercise: $6.76From: 2010-01-01Exp: 2019-01-01→ Common Stock (10,000 underlying)
Footnotes (1)
- [F1]Vested as of 1/1/10 if Mr. Brinkley was still a director of the Company. Stock option was cancelled pursuant to the terms of the merger agreement among issuer, Maximus Holdings Inc. (a corporation controlled by Symphony Technology Group) and Maximus Inc. (a wholly-owned subsidiary of Maximus Holdings Inc.) 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/other withholdings).