4//SEC Filing
NAUMANN KENNETH DALE 4
Accession 0001458616-12-000008
CIK 0001080667other
Filed
Dec 5, 7:00 PM ET
Accepted
Dec 6, 4:18 PM ET
Size
7.6 KB
Accession
0001458616-12-000008
Insider Transaction Report
Form 4
NAUMANN KENNETH DALE
VP of Worldwide Sales
Transactions
- Disposition to Issuer
Non-Qualified Stock Option
2012-12-04−140,000→ 0 totalExercise: $1.32Exp: 2020-12-10→ Common Stock (140,000 underlying) - Disposition to Issuer
Common Stock
2012-12-04$1.45/sh−420,000$609,000→ 0 total
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 is exercisable as it vests at a rate of 25% after 12 months of continuous service and the balance will vest monthly for the next 36 months of continuous service.
- [F3]This option, which provided for vesting as result of, and pursuant to terms of, the merger agreement between Nuance Communications, Inc. and Ditech Networks, Inc, was canceled in the merger in exchange for a cash payment of $18,200, representing the difference between $1.45 (the consideration per share of common stock in the merger) and the exercise price of the option.
Documents
Issuer
DITECH NETWORKS INC
CIK 0001080667
Entity typeother
Related Parties
1- filerCIK 0001505638
Filing Metadata
- Form type
- 4
- Filed
- Dec 5, 7:00 PM ET
- Accepted
- Dec 6, 4:18 PM ET
- Size
- 7.6 KB