Poole Russell C. 4
4 · NOVELL INC · Filed Apr 28, 2011
Insider Transaction Report
Form 4
NOVELL INCNOVL
Poole Russell C.
Sr. VP, Human Resources
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2011-04-27$0.55/sh−6,250$3,438→ 0 totalExercise: $5.55Exp: 2013-03-30→ Common Stock (6,250 underlying) - Disposition to Issuer
Stock Option (right to buy)
2011-04-27$2.11/sh−112,179$236,698→ 0 totalExercise: $3.99Exp: 2017-12-08→ Common Stock (112,179 underlying) - Disposition to Issuer
Common Stock
2011-04-27−60,241→ 0 total
Footnotes (3)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of November 21, 2010, by and among Novell, Inc. ("Novell"), Attachmate Corporation and Longview Software Acquisition Corp. (the "Merger Agreement") in exchange for a cash payment of $6.10 per share (the "Merger Consideration") on the effective date of the merger.
- [F2]Pursuant to the Merger Agreement, this option, which provided for vesting of 25% on March 30, 2006 and thereafter 2.0833% on each monthly anniversary, was canceled in exchange for a cash payment of $3,437.50, representing the product obtained by multiplying (i) the excess of the Merger Consideration over the exercise price per share of such option, by (ii) the number of shares issuable upon exercise of such option.
- [F3]Pursuant to the Merger Agreement, this option, which provided for vesting of 25% on December 8, 2010 and thereafter 2.0833% on each monthly anniversary, was canceled in exchange for a cash payment of $236,697.69, representing the product obtained by multiplying (i) the excess of the Merger Consideration over the exercise price per share of such option, by (ii) the number of shares issuable upon exercise of such option.