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4//SEC Filing

CHECKFREE CORP \GA\ 4

Accession 0000949265-07-000566

CIK 0000949341operating
View on SEC.govCompany Profile

Filed

Dec 4, 7:00 PM ET

Accepted

Dec 5, 6:41 PM ET

Size

44.8 KB

Accession

0000949265-07-000566

Insider Transaction Report

Form 4
Period: 2007-12-03
CHECKFREE CORP \GA\CKFR
KIGHT PETER J
DirectorChairman and CEO
Transactions
  • Disposition to Issuer

    Stock Option (Right to Buy)

    2007-12-03−200,000→ 0 total
    Exercise: $16.04Exp: 2011-12-04→ Common Stock - $.01 par value (200,000 underlying)
  • Disposition to Issuer

    Stock Option (Right to Buy)

    2007-12-03−100,000→ 0 total
    Exercise: $44.44Exp: 2009-05-07→ Common Stock - $.01 par value (100,000 underlying)
  • Disposition to Issuer

    Stock Option (Right to Buy) 33% 7/1/01

    2007-12-03−100,000→ 0 total
    Exercise: $35.07Exp: 2011-07-01→ Common Stock - $.01 par value (100,000 underlying)
  • Disposition to Issuer

    Common Stock - $.01 par value

    2007-12-03−2,286→ 0 total(indirect: By Trust)
  • Disposition to Issuer

    Stock Option (Right to Buy)

    2007-12-03−50,000→ 0 total
    Exercise: $104.50Exp: 2010-01-01→ Common Stock - $.01 par value (50,000 underlying)
  • Disposition to Issuer

    Stock Option (Right to Buy)

    2007-12-03−57,503→ 0 total
    Exercise: $40.25Exp: 2015-08-05→ Common Stock - $.01 par value (57,503 underlying)
  • Disposition to Issuer

    Stock Option (Right to Buy)

    2007-12-03−60,263→ 0 total
    Exercise: $37.27Exp: 2016-08-04→ Common Stock - $.01 par value (60,263 underlying)
  • Disposition to Issuer

    Stock Option (Right to Buy) 33% 5/1/98

    2007-12-03−100,000→ 0 total
    Exercise: $25.75From: 2001-05-01Exp: 2008-05-01→ Common Stock - $.01 par value (100,000 underlying)
  • Disposition to Issuer

    Common Stock - $.01 par value

    2007-12-03−40,500→ 0 total(indirect: By Trust)
  • Disposition to Issuer

    Common Stock - $.01 par value

    2007-12-03−260,222→ 0 total(indirect: By Trust)
  • Disposition to Issuer

    Common Stock - $.01 par value

    2007-12-03−2,365→ 0 total(indirect: By Trust)
  • Disposition to Issuer

    Common Stock - $.01 par value

    2007-12-03−151→ 0 total(indirect: By 401(k))
  • Disposition to Issuer

    Common Stock - $.01 par value

    2007-12-03−4,359,779→ 0 total
  • Disposition to Issuer

    Stock Option (Right to Buy)

    2007-12-03−71,678→ 0 total
    Exercise: $25.51Exp: 2014-08-06→ Common Stock - $.01 par value (71,678 underlying)
Footnotes (16)
  • [F1]4,268,460 shares of CheckFree Corporation ("CheckFree") common stock disposed of pursuant to a merger agreement between Fiserv, Inc. and CheckFree (the "Merger Agreement") for $48 per share and 91,319 shares of CheckFree restricted common stock cancelled in exchange for 85,678 shares of Fiserv, Inc. restricted common stock in accordance with the terms of the Merger Agreement.
  • [F10]These options, which provided for vesting in three equal annual installments beginning December 16, 2003, were cancelled in the Merger Agreement in exchange for a cash payment of $3,300,000 , representing the difference between the exercise price of the options and the market value of the underlying CheckFree common stock on the effective date of the merger ($48 per share).
  • [F11]These options, which provided for vesting in three equal annual installments beginning October 30, 2004, were cancelled in the Merger Agreement in exchange for a cash payment of $4,032,000, representing the difference between the exercise price of the options and the market value of the underlying CheckFree common stock on the effective date of the merger ($48 per share).
  • [F12]These options, which provided for vesting in three equal annual installments beginning August 6, 2005, were cancelled in the Merger Agreement in exchange for a cash payment of $1,612,038.22, representing the difference between the exercise price of the options and the market value of the underlying CheckFree common stock on the effective date of the merger ($48 per share).
  • [F13]These options, which provided for vesting in three equal annual installments beginning August 5, 2006, were cancelled in the Merger Agreement in exchange for a cash payment of $297,096.25, representing the difference between the exercise price of the options and the market value of the underlying CheckFree common stock on the effective date of the merger ($48 per share), and an option to purchase 17,983 shares of Fiserv, Inc. common stock at an exercise price of $42.90 per share in accordance with the terms of the Merger Agreement.
  • [F14]These options, which provided for vesting in three equal annual installments beginning August 4, 2007, were cancelled in the Merger Agreement in exchange for a cash payment of $215,544.24, representing the difference between the exercise price of the options and the market value of the underlying CheckFree common stock on the effective date of the merger ($48 per share), and an option to purchase 37,693 shares of Fiserv, Inc. common stock at an exercise price of $39.73 per share in accordance with the terms of the Merger Agreement.
  • [F15]These options, which provided for vesting in three equal annual installments beginning May 1, 1999, were cancelled in the Merger Agreement in exchange for a cash payment of $2,225,000, representing the difference between the exercise price of the options and the market value of the underlying CheckFree common stock on the effective date of the merger ($48 per share).
  • [F16]These options, which provided for vesting in three equal annual installments beginning July 1, 2002, were cancelled in the Merger Agreement in exchange for a cash payment of $1,293,000, representing the difference between the exercise price of the options and the market value of the underlying CheckFree common stock on the effective date of the merger ($48 per share).
  • [F2]Disposed of pursuant to the Merger Agreement for $48 per share.
  • [F3]Shares held in the Tiso Trust of which Mr. Kight's spouse acts a co-trustee. Mr. Kight disclaims beneficial ownership of these shares.
  • [F4]Shares held in the Kight Family Trust II of which Mr. Kight's spouse acts as Trustee. Mr. Kight disclaims beneficial ownership.
  • [F5]One-third of option vests each year beginning on the first anniversary of the date of grant.
  • [F6]These options, which provided for vesting in three equal annual installments beginning May 7, 2000, were cancelled in the Merger Agreement in exchange for a cash payment of $356,000, representing the difference between the exercise price of the options and the market value of the underlying CheckFree common stock on the effective date of the merger ($48 per share).
  • [F7]These options were cancelled pursuant to the terms of the Merger Agreement.
  • [F8]These options, which provided for vesting in three equal annual installments beginning January 1, 2002, were cancelled in the Merger Agreement in exchange for a cash payment of $550,000, representing the difference between the exercise price of the options and the market value of the underlying CheckFree common stock on the effective date of the merger ($48 per share).
  • [F9]These options, which provided for vesting in three equal annual installments beginning December 4, 2002, were cancelled in the Merger Agreement in exchange for a cash payment of $6,392,000, representing the difference between the exercise price of the options and the market value of the underlying CheckFree common stock on the effective date of the merger ($48 per share).

Documents

1 file

Issuer

CHECKFREE CORP \GA\

CIK 0000949341

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Entity typeoperating
IncorporatedDE

Related Parties

1
  • filerCIK 0000949341

Filing Metadata

Form type
4
Filed
Dec 4, 7:00 PM ET
Accepted
Dec 5, 6:41 PM ET
Size
44.8 KB
View on SEC.gov