Kizhepat Govind 4
4 · MAGMA DESIGN AUTOMATION INC · Filed Feb 22, 2012
Insider Transaction Report
Form 4
Kizhepat Govind
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2012-02-22−20,000→ 0 totalExercise: $0.00Exp: 2016-10-21→ Common Stock (20,000 underlying) - Disposition to Issuer
Common Stock
2012-02-22$7.35/sh−33,750$248,063→ 0 total - Disposition to Issuer
Restricted Stock Units
2012-02-22−11,250→ 0 totalExercise: $0.00Exp: 2015-02-24→ Common Stock (11,250 underlying)
Footnotes (3)
- [F1]Pursuant to the Agreement and Plan of Merger, dated November 30, 2011, by and among Synopsys, Inc., Lotus Acquisition Corp. and Magma Design Automation, Inc. (the "Merger Agreement"), at the effective time of the merger, each share of Magma common stock was converted into the right to receive $7.35 in cash.
- [F2]This RSU, which originally represented an award with respect to 20,000 shares of Magma common stock, provided for 100% vesting on October 19, 2012. Pursuant to the Merger Agreement, the 20,000 vested shares (whose vesting was accelerated in connection with the merger) subject to the RSU were canceled in exchange for a cash payment of $7.35 per share.
- [F3]This RSU, which originally represented an award with respect to 20,000 shares of Magma common stock, provided for vesting of 25% on the first anniversary of the grant date and vesting of the remaining 75% on a quarterly basis over the subsequent three years. Pursuant to the Merger Agreement, the 11,250 vested shares (whose vesting was accelerated in connection with the merger) subject to the RSU were canceled in exchange for a cash payment of $7.35 per share.