Dudman Bryan L 4
4 · SMITH INTERNATIONAL INC · Filed Aug 31, 2010
Insider Transaction Report
Form 4
Dudman Bryan L
EVP, President D&E
Transactions
- Disposition to Issuer
Common Stock
2010-08-27−24,107→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Employee Stock Option (right to buy)
2010-08-27−4,800→ 0 totalExercise: $28.13Exp: 2014-12-07→ Common Stock (4,800 underlying) - Disposition to Issuer
Common Stock
2010-08-27−90,443→ 0 total
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger dated as of February 21, 2010, by and among Schlumberger Limited ("Schlumberger"), Turnberry Merger Sub Inc., and Smith International, Inc. ("Smith"), in exchange for .6966 shares of Schlumberger common stock per share of Smith common stock on August 27, 2010. Any fractional share will be paid in cash.
- [F2]This option, which provided for vesting in equal installments on Dec. 7, 2007 and Dec. 7, 2008, was converted pursuant to the Merger Agreement into an option to purchase 3,343 shares of Schlumberger common stock at $40.39 per share, with the same terms and conditions as the original Smith option.