LEFEBVRE RENE 4
4 · HPSC INC · Filed Jan 14, 2004
Insider Transaction Report
Form 4
HPSC INCHDR
LEFEBVRE RENE
Senior Vice President and CFO
Transactions
- Disposition to Issuer
Common Stock
2004-01-12−8,500→ 0 total(indirect: By Spouse) - Disposition to Issuer
Employee Stock Option (Right to buy)
2004-01-12−16,653→ 0 totalExercise: $6.25From: 2001-01-12Exp: 2011-01-12→ Common Stock (16,653 underlying) - Disposition to Issuer
Common Stock
2004-01-12−95,506→ 0 total - Disposition to Issuer
Employee Stock Option (Right to buy)
2004-01-12−20,389→ 0 totalExercise: $7.50From: 2000-04-20Exp: 2010-04-20→ Common Stock (20,389 underlying) - Disposition to Issuer
Employee Stock Option (Right to buy)
2004-01-12−15,000→ 0 totalExercise: $3.56From: 1994-03-24Exp: 2004-03-23→ Common Stock (15,000 underlying) - Disposition to Issuer
Common Stock
2004-01-12−7,433→ 0 total(indirect: See footnote)
Footnotes (5)
- [F1]Disposed of pursuant to merger agreement between issuer, General Electric Company ("GE") and Patriot HFS, Inc., a wholly-owned subsidiary of GE, in exchange for 44,315 shares of GE common stock having a market value of $31.2373 per share on the effective date of the merger. Any fractional shares due were paid in cash.
- [F2]Shares have been allocated to Mr. Lefebvre's account under the HPSC Employee Stock Ownership Plan.
- [F3]Cancelled pursuant to merger agreement in exchange for 3,584 shares of GE common stock having a market value of $31.2373 per share on the effective date of merger. Any fractional shares due were paid in cash.
- [F4]This option provided for vesting in five equal annual installments of 8,000 shares on April 20, 2000, April 20, 2001, April 20, 2002, April 20, 2003 and April 20, 2004. It was cancelled at the effective date of the merger in exchange for 3,116 shares of GE common stock having a market value of $31.2373 per share on the date of the merger. Any fractional shares due were paid in cash.
- [F5]This option provided for vesting in five equal annual installments of 4,000 shares on January 12, 2001, January 12, 2002, January 12, 2003, January 12, 2004 and January 12, 2005. It was cancelled at the effective date of the merger in exchange for 3,000 shares of GE common stock having a market value of $31.2373 on the date of the merger. Any fractional shares due were paid in cash.