Schmitt Jean 4
4 · AUTHENTEC INC · Filed Oct 9, 2012
Insider Transaction Report
Form 4
AUTHENTEC INCAUTH
Schmitt Jean
Director
Transactions
- Disposition to Issuer
Stock Option
2012-10-04$5.17/sh−25,000$129,250→ 0 totalExercise: $2.83Exp: 2021-07-01→ Common Stock (25,000 underlying) - Disposition to Issuer
Stock Option
2012-10-04$6.29/sh−53,334$335,471→ 0 totalExercise: $1.71Exp: 2020-10-01→ Common Stock (53,334 underlying)
Footnotes (3)
- [F1]Stock options vest 25% on September 16, 2011, with the remaining vesting in equal quarterly installments over a three-year period.
- [F2]Stock options vest 25% on June 9, 2012, with the remaining vesting in equal quarterly installments over a three-year period.
- [F3]Each option was cancelled pursuant to a merger agreement between the issuer and Apple Inc. in exchange for a cash payment equal to the excess, if any, of the per share merger consideration ($8.00) over the exercise price of the option.