McCullugh Paul J 4
4 · VERSANT CORP · Filed Dec 26, 2012
Insider Transaction Report
Form 4
VERSANT CORPVSNT
McCullugh Paul J
Exec VP Sales & Marketing
Transactions
- Disposition to Issuer
Incentive Stock Option (right to buy)
2012-12-21$10.60/sh−10,000$106,000→ 0 totalExercise: $10.60→ Common Stock (10,000 underlying) - Disposition to Issuer
Restricted Stock Units
2012-12-21−10,000→ 0 totalExercise: $0.00→ Common Stock (10,000 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents the right to receive, following vesting, one share of Versant Corporation common stock.
- [F2]Each restricted stock unit was cancelled and converted into the right to receive $13.00 per share upon the consummation of the Merger ("Merger") contemplated by that certain Agreement and Plan of Merger dated as of November 21, 2012 by and among Versant Corporation, Actian Corporation and Actian Sub I, Inc.
- [F3]The vesting of this restricted stock unit award was fully accelerated as of the effective time of the merger.
- [F4]This option, which was unvested, was cancelled in the Merger.