INTERNATIONAL ABSORBENTS INC 4

Accession 0000936831-10-000001

CIK 0000813634operating

View on SEC.gov Company Profile

Filed

Jun 1, 8:00 PM ET

Accepted

Jun 2, 10:07 AM ET

Size

32.9 KB

Accession

0000936831-10-000001

Insider Transaction Report

Form 4

Period: 2010-05-27

INTERNATIONAL ABSORBENTS INCIAX

ELLIS GORDON LLOYD

DirectorCEO, President

Transactions

Exercise/Conversion
Common Shares
2010-05-27$4.60/sh+25,000$115,000→ 0 total
Exercise/Conversion
Common Shares
2010-05-27$3.60/sh+25,000$90,000→ 0 total
Exercise/Conversion
Common Shares
2010-05-27$3.55/sh+28,170$100,004→ 0 total
Disposition to Issuer
Common Shares
2010-05-27$4.75/sh−10,000$47,500→ 0 total(indirect: Shelan Development Corp.)
Exercise/Conversion
Stock Options
2010-05-27−25,000→ 0 total
Exercise: $4.70From: 2009-03-30Exp: 2011-03-30→ Common Shares (25,000 underlying)
Exercise/Conversion
Stock Options
2010-05-27−25,000→ 0 total
Exercise: $3.60Exp: 2014-03-30→ Common Stock (25,000 underlying)
Disposition to Issuer
Restricted Stock Units
2010-05-27−9,390→ 0 total
→ Common Stock (9,390 underlying)
Exercise/Conversion
Common Shares
2010-05-27$3.20/sh+25,000$80,000→ 0 total
Disposition to Issuer
Common Shares
2010-05-27$4.75/sh−122,300$580,925→ 0 total(indirect: ABE Industries (1980) Inc)
Disposition to Issuer
Common Shares
2010-05-27$4.75/sh−15,000$71,250→ 0 total(indirect: Stelyconi Enterprises Ltd.)
Exercise/Conversion
Stock Options
2010-05-27−25,000→ 0 total
Exercise: $4.60From: 2010-03-30Exp: 2012-03-30→ Common Shares (25,000 underlying)
Exercise/Conversion
Stock Options
2010-05-27−28,170→ 0 total
Exercise: $3.55Exp: 2015-09-17→ Common Stock (28,170 underlying)
Disposition to Issuer
Common Shares
2010-05-27$4.75/sh−277,145$1,316,439→ 0 total
Exercise/Conversion
Stock Options
2010-05-27−25,000→ 0 total
Exercise: $3.20Exp: 2013-04-03→ Common Stock (25,000 underlying)
Disposition to Issuer
Common Shares
2010-05-27$4.75/sh−100,576$477,736→ 0 total(indirect: Gordann Consultants)
Exercise/Conversion
Common Shares
2010-05-27$4.70/sh+25,000$117,500→ 0 total

Footnotes (6)

[F1]Pursuant to the Arrangement Agreement dated December 14, 2009 by and among the Issuer, IAX Acquisition Corporation and IAX Canada Acquisition Company Inc. (the "Arrangement Agreement"), effective as of May 27, 2010, each common share was acquired by IAX Canada Acquisition Company Inc. for cash consideration equal to $4.75 per share.
[F2]Pursuant to the Arrangement Agreement effective May 27, 2010, these stock options, which originally provided full vesting April 3, 2013, were fully vested and exercisable.
[F3]Pursuant to the Arrangement Agreement effective May 27,2010, these stock options which originally provided full vesting Mar 30, 2014, were fully vested and exercisable.
[F4]Pursuant to the Arrangement Agreement effective May 27,2010, these stock options, which originally provided full vesting September 17, 2015, were fully vested and exercisable.
[F5]Pursuant to the Arrangement Agreement, effective May 27, 2010, these restricted stock units were cancelled in exchange for cash consideration equal to $4.75 per restricted stock unit.
[F6]Not Applicable

Documents

1 file

4
primary_doc.xmlPrimary
PRIMARY DOCUMENT

Issuer

INTERNATIONAL ABSORBENTS INC

CIK 0000813634

→

Entity typeoperating

Related Parties

filerCIK 0000813634

Filing Metadata

Form type: 4
Filed: Jun 1, 8:00 PM ET
Accepted: Jun 2, 10:07 AM ET
Size: 32.9 KB

View on SEC.gov