Schaefer Claudia 4
4 · JAMBA, INC. · Filed Sep 13, 2018
Insider Transaction Report
Form 4
JAMBA, INC.JMBA
Schaefer Claudia
SVP, Chief Marketing Officer
Transactions
- Disposition to Issuer
Common Stock
2018-09-13$13.00/sh−10,000$130,000→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2018-09-13$3.29/sh−35,000$115,150→ 0 totalExercise: $9.71Exp: 2028-05-14→ Common Stock (35,000 underlying)
Footnotes (1)
- [F1]The option, providing for vesting of one-fourth of the shares subject to the option on each of November 6, 2018, November 6, 2019, November 6, 2020 and November 6, 2021, in each case subject to the Reporting Person's continued employment with Issuer and/or its affiliates, became vested in full at the effective time of the merger between Jay Merger Sub, Inc. and the Issuer, and was cancelled at the effective time in exchange for a cash payment per share subject to the option determined by the difference between the $13 merger consideration per share and the exercise price of the option.