GAINES PATRICK H 4
4 · LML PAYMENT SYSTEMS INC · Filed Jan 14, 2013
Insider Transaction Report
Form 4
GAINES PATRICK H
DirectorCEO
Transactions
- Disposition from Tender
Common Stock
2013-01-10−239,872→ 0 total - Disposition from Tender
Common Stock
2013-01-10−16,622→ 0 total(indirect: Owned by 397389 British Columbia Ltd.) - Disposition from Tender
Common Stock
2013-01-10−168,400→ 0 total(indirect: Owned by Keats Investments Ltd.) - Disposition to Issuer
Stock Option (Right to Buy)
2013-01-10$0.45/sh−1,200,000$540,000→ 0 totalExercise: $3.00Exp: 2018-03-31→ Common Stock (1,200,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2013-01-10$1.83/sh−250,000$457,500→ 0 totalExercise: $1.62Exp: 2015-08-18→ Common Stock (250,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2013-01-10$1.33/sh−250,000$332,500→ 0 totalExercise: $2.12Exp: 2016-11-17→ Common Stock (250,000 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to the arrangement agreement between issuer, Digital River, Inc. and LML Acquisition Corp. in exchange for US$3.45 in cash per share on the effective date of the arrangement.
- [F2]This option was canceled in connection with the arrangement in exchange for a cash amount equal to the amount, if any, by which the number of common shares underlying such option, multiplied by the per-share consideration of US$3.45 per common share, exceeded the aggregate exercise price payable under the option to acquire the common shares underlying such option.