Thornton Joe 4
4 · JAMBA, INC. · Filed Sep 13, 2018
Insider Transaction Report
Form 4
JAMBA, INC.JMBA
Thornton Joe
SVP, Chief Operations Officer
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2018-09-13$3.75/sh−15,000$56,250→ 0 totalExercise: $9.25Exp: 2027-03-23→ Common Stock (15,000 underlying) - Disposition to Issuer
Common Stock
2018-09-13$13.00/sh−5,000$65,000→ 0 total
Footnotes (1)
- [F1]The option, providing for vesting of one-third of the shares subject to the option on each of March 23, 2018, March 23, 2019 and March 23, 2020, 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.