BELL MICROPRODUCTS INC 4
4 · BELL MICROPRODUCTS INC · Filed Jul 6, 2010
Insider Transaction Report
Form 4
WATT GRAEME
Pres., Worldwide Dist.
Transactions
- Disposition to Issuer
Common Stock
2010-07-06$7.00/sh−164,300$1,150,100→ 0 total - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2010-07-06$5.00/sh−325,000$1,625,000→ 0 totalExercise: $2.00Exp: 2014-09-02→ Common Stock (325,000 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2010-07-06$1.10/sh−60,000$66,000→ 0 totalExercise: $5.90Exp: 2013-01-21→ Common Stock (60,000 underlying)
Footnotes (3)
- [F1]Pursuant to the Agreement and Plan of Merger, dated March 28,2010, by and among Avnet, Inc., AVT Acquisition Corp. and Bell Microproducts, Inc. each share of common stock was exchanged for $7.00 in cash on the effective date of the merger.
- [F2]This option, which provided for vesting in four equal annual installments beginning on September 2, 2010, was canceled on the effective date of the merger in exchange for a cash payment representing the difference between the exercise price of such stock option and $7.00 per share.
- [F3]This option, which provided for vesting in four equal annual installments beginning on January 21, 2009, was canceled on the effective date of the merger in exchange for a cash payment representing the difference between the exercise price of such stock option and $7.00 per share.