4//SEC Filing
KRONOS INC 4
Accession 0000886903-07-000067
CIK 0000886903operating
Filed
Jun 12, 8:00 PM ET
Accepted
Jun 13, 1:18 PM ET
Size
15.2 KB
Accession
0000886903-07-000067
Insider Transaction Report
Form 4
KRONOS INCKRON
DEMARTINO JOSEPH
Vice President, WW Cust Svc
Transactions
- Disposition to Issuer
Common Stock
2007-06-11−35,519→ 0 total - Disposition to Issuer
Option to Buy
2007-06-11$16.19/sh−43,500$704,265→ 0 totalExercise: $38.81Exp: 2008-05-21→ Common Stock (43,500 underlying) - Disposition to Issuer
Option to Buy
2007-06-11$6.79/sh−37,750$256,323→ 0 totalExercise: $48.21Exp: 2009-05-22→ Common Stock (37,750 underlying) - Disposition to Issuer
Option to Buy
2007-06-11$6.78/sh−45,000$305,100→ 0 totalExercise: $48.22Exp: 2010-06-05→ Common Stock (45,000 underlying) - Disposition to Issuer
Restricted Stock Units (right to buy)
2007-06-11$54.99/sh−20,000$1,099,800→ 0 totalExercise: $0.01Exp: 2010-12-16→ Common Stock (20,000 underlying)
Footnotes (5)
- [F1]Disposed of pursuant to merger agreement between issuer and Seahawk Merger Sub Corporation in exchange for a cash payment of $55 per share on the effective date of the merger.
- [F2]This option, which provided for vesting in four equal installments beginning on November 21, 2004, was canceled in the merger in exchange for a cash payment of $704,265, representing the difference between the exercise price of the option and the market value of the underlying Kronos common stock on the effective date of the merger ($55 per share).
- [F3]This option, which provided for vesting in four equal installments beginning on November 22, 2005, was canceled in the merger in exchange for a cash payment of $256,322.50, representing the difference between the exercise price of the option and the market value of the underlying Kronos common stock on the effective date of the merger ($55 per share).
- [F4]This option, which provided for vesting in four equal installments beginning on December 5, 2006, was canceled in the merger in exchange for a cash payment of $305,100, representing the difference between the exercise price of the option and the market value of the underlying Kronos common stock on the effective date of the merger ($55 per share).
- [F5]This restricted stock unit award ("RSU"), which, subject to a performance goal being met by the company for fiscal 2007, provided for vesting in four equal installments beginning on November 16, 2007, was canceled in the merger in exchange for a cash payment of $1,099,800, representing the difference between the conversion price of the RSU and the market value of the underlying Kronos common stock on the effective date of the merger ($55 per share).
Documents
Issuer
KRONOS INC
CIK 0000886903
Entity typeoperating
IncorporatedMA
Related Parties
1- filerCIK 0000886903
Filing Metadata
- Form type
- 4
- Filed
- Jun 12, 8:00 PM ET
- Accepted
- Jun 13, 1:18 PM ET
- Size
- 15.2 KB