WILKINS DONALD J 4
4 · REMEC INC · Filed Sep 7, 2005
Insider Transaction Report
Form 4
REMEC INCREMC
WILKINS DONALD J
SVP, General Counsel & Sec.
Transactions
- Exercise/Conversion
Stock Option (Right to Buy)
2005-09-02−10,000→ 0 totalExercise: $4.25Exp: 2012-12-20→ Common Stock (10,000 underlying) - Exercise/Conversion
Common Stock
2005-09-02$5.50/sh+4,050$22,275→ 27,843 total - Tax Payment
Common Stock
2005-09-02$6.00/sh−3,754$22,524→ 24,089 total - Tax Payment
Common Stock
2005-09-02$6.00/sh−7,606$45,636→ 23,793 total - Exercise/Conversion
Common Stock
2005-09-02$4.25/sh+10,000$42,500→ 31,399 total - Exercise/Conversion
Stock Option (Right to Buy)
2005-09-02−4,050→ 0 totalExercise: $5.50Exp: 2008-09-01→ Common Stock (4,050 underlying)
Footnotes (1)
- [F1]On June 10, 2005, the Board of Directors of the Issuer authorized acceleration of the vesting of the unvested portion of this stock option, contingent upon completion of the sale of selected assets and liabilities of the Issuer's Wireless Systems Business to Powerwave Technologies, Inc. (the "Asset Transaction"). The Asset Transaction was completed on September 2, 2005. Accordingly, this stock option became fully vested and exercisable on September 2, 2005.