4//SEC Filing
BROWN KARL E 4
Accession 0001458616-12-000010
CIK 0001080667other
Filed
Dec 5, 7:00 PM ET
Accepted
Dec 6, 7:45 PM ET
Size
22.4 KB
Accession
0001458616-12-000010
Insider Transaction Report
Form 4
BROWN KARL E
VP of Marketing
Transactions
- Disposition to Issuer
Common Stock
2012-12-04$1.45/sh−139,005$201,557→ 0 total - Disposition to Issuer
Non-Qualified Stock Option
2012-12-04−10,000→ 0 totalExercise: $1.37From: 2012-09-12Exp: 2018-09-12→ Common Stock (10,000 underlying) - Disposition to Issuer
Non-Qualified Stock Option
2012-12-04−20,000→ 0 totalExercise: $1.28Exp: 2019-12-17→ Common Stock (20,000 underlying) - Disposition to Issuer
Non-Qualified Stock Option
2012-12-04−16,667→ 0 totalExercise: $1.28From: 2012-12-04Exp: 2019-12-17→ Common Stock (16,667 underlying) - Award
Non-Qualified Stock Option
2012-12-04+33,333→ 0 totalExercise: $1.28From: 2012-12-04Exp: 2019-12-17→ Common Stock (33,333 underlying) - Award
Non-Qualified Stock Option
2012-12-04+16,667→ 0 totalExercise: $1.28From: 2012-12-04Exp: 2019-12-17→ Common Stock (16,667 underlying) - Disposition to Issuer
Non-Qualified Stock Option
2012-12-04−33,333→ 0 totalExercise: $1.28From: 2012-12-04Exp: 2019-12-17→ Common Stock (33,333 underlying) - Disposition to Issuer
Non-Qualified Stock Option
2012-12-04−3,000→ 0 totalExercise: $0.83Exp: 2018-12-12→ Common Stock (3,000 underlying)
Footnotes (9)
- [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 $800, 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, 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 $3,400, representing the difference between $1.45 (the consideration per share of common stock in the merger) and the exercise price of the option.
- [F4]This option is exerciable as it vests as 25% after 12 months of continuous service and the balance will vest monthly for the next 36 months of continuous service.
- [F5]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 $1,860, representing the difference between $1.45 (the consideration per share of common stock in the merger) and the exercise price of the option.
- [F6]On 12/17/12, the reporting person was granted an option to purchase 16,667 shares of common stock. The option vests as result of, and pursuant to terms of, the merger agreement between Nuance Communications, Inc. and Ditech Networks, Inc
- [F7]This option was canceled in the merger in exchange for a cash payment of $2,833, representing the difference between $1.45 (the consideration per share of common stock in the merger) and the exercise price of the option.
- [F8]On 12/17/12, the reporting person was granted an option to purchase 33,333 shares of common stock. The option vests as result of, and pursuant to terms of, the merger agreement between Nuance Communications, Inc. and Ditech Networks, Inc
- [F9]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 $5,667, 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 0001466483
Filing Metadata
- Form type
- 4
- Filed
- Dec 5, 7:00 PM ET
- Accepted
- Dec 6, 7:45 PM ET
- Size
- 22.4 KB