Sansone Frank 4
4 · DITECH NETWORKS INC · Filed Dec 6, 2012
Insider Transaction Report
Form 4
Sansone Frank
Director
Transactions
- Disposition to Issuer
Common Stock
2012-12-04$1.45/sh−10,000$14,500→ 0 total - Disposition to Issuer
Non-Qualified Stock Option
2012-12-04−10,000→ 0 totalExercise: $1.05From: 2011-09-16Exp: 2016-09-16→ Common Stock (10,000 underlying) - Disposition to Issuer
Non-Qualified Stock Option
2012-12-04−10,000→ 0 totalExercise: $1.09From: 2010-09-16Exp: 2015-09-16→ Common Stock (10,000 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to the merger agreement between Nuance Communications, Inc. and Ditech Networks, Inc. in exchange for $1.45 per share.
- [F2]This option was canceled in the merger in exchange for a cash payment of $4,000, representing the difference between $1.45 (the consideration per share of common stock in the merger) and the exercise price of the option.
- [F3]This option was canceled in the merger in exchange for a cash payment of $3,600, representing the difference between $1.45 (the consideration per share of common stock in the merger) and the exercise price of the option.