4//SEC Filing
VERAMARK TECHNOLOGIES INC 4
Accession 0000891839-13-000054
CIK 0000747605operating
Filed
Jul 24, 8:00 PM ET
Accepted
Jul 25, 4:32 PM ET
Size
14.8 KB
Accession
0000891839-13-000054
Insider Transaction Report
Form 4
CONSTANTINO CHARLES A
Director
Transactions
- Disposition from Tender
VERA Common Stock
2013-07-16$1.18/sh−15,000$17,700→ 0 total - Disposition to Issuer
VERA Option Right to Purchase
2013-07-22−2,500→ 0 totalExercise: $0.40→ VERA Common Stock (2,500 underlying) - Disposition to Issuer
VERA Option Right to Purchase
2013-07-22−15,000→ 0 totalExercise: $0.52→ VERA Common Stock (15,000 underlying) - Disposition to Issuer
VERA Option Right to Purchase
2013-07-22−2,500→ 0 totalExercise: $0.61→ VERA Common Stock (2,500 underlying) - Disposition to Issuer
VERA Option Right to Purchase
2013-07-22−10,000→ 0 totalExercise: $1.53→ VERA Common Stock (10,000 underlying)
Footnotes (3)
- [F1]On 6/11/13, Veramark Technologies, Inc. (the "Company"), Hubspoke Holdings, Inc. ("Hubspoke") and TEM Holdings, Inc., a wholly-owned subsidiary of Hubspoke ("Merger Sub") entered into an Agreement and Plan of Merger (the "Merger Agreement") providing for a cash tender offer to acquire all of the outstanding shares of common stock of the Company for $1.18 per share, to be followed by a merger of Merger Sub with and into the Company, with the Company to continue as the survivng corporation. These shares were accepted in connection with the tender offer on 7/16/13.
- [F2]Pursuant to the terms of the Merger Agreement, as of the effective time of the merger (7/22/13), this option was cancelled and Mr. Constantino became entitled to receive a cash payment in an amount equal to the difference between $1.18 and the exercise price per share under the option multiplied by the number of shares covered by the option.
- [F3]Mr. Constantino is not entitled to receive any cash payment upon the cancellation of this option as the exercise price per share exceeds $1.18.
Documents
Issuer
VERAMARK TECHNOLOGIES INC
CIK 0000747605
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000747605
Filing Metadata
- Form type
- 4
- Filed
- Jul 24, 8:00 PM ET
- Accepted
- Jul 25, 4:32 PM ET
- Size
- 14.8 KB