INX Inc 4
4 · INX Inc · Filed Jan 4, 2012
Insider Transaction Report
Form 4
INX IncINXI
HILZ MARK T
President/COO
Transactions
- Disposition to Issuer
Common Stock
2011-12-30$8.75/sh−132,539$1,159,716→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2011-12-30−387,582→ 0 totalExercise: $1.10Exp: 2012-03-01→ Common Stock (387,582 underlying) - Disposition to Issuer
Stock Option (right to buy)
2011-12-30−40,816→ 0 totalExercise: $1.84Exp: 2013-09-01→ Common Stock (40,816 underlying) - Disposition to Issuer
Stock Option (right to buy)
2011-12-30−3,537→ 0 totalExercise: $4.14Exp: 2013-10-02→ Common Stock (3,537 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to the terms of the Agreement and Plan of Merger ("Merger Agreement"), dated November 1, 2011, by and among the issuer, Presidio, Inc. and Indigo Merger Sub, Inc. providing for the merger of Indigo Merger Sub, Inc. with and into the issuer ("Merger"). 80,400 of these shares of Common Stock were restricted shares granted under the issuer's equity incentive plan, which vested immediately prior to the effective time of the Merger pursuant to the terms of the Merger Agreement.
- [F2]Disposed of pursuant to the terms of the Merger Agreement. Pursuant to the terms of the Merger Agreement, all unvested options vested immediately prior to the effective time of the Merger, and all outstanding options were canceled and converted into the right to receive, per share, the excess of $8.75 over the per share exercise price.