Palmer Greg D 4
4 · DIEDRICH COFFEE INC · Filed May 12, 2010
Insider Transaction Report
Form 4
Palmer Greg D
Director
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2010-05-11$35.00/sh−15,000$525,000→ 0 totalExercise: $4.01Exp: 2016-09-29→ Common Stock (15,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2010-05-11$35.00/sh−15,000$525,000→ 0 totalExercise: $3.58From: 2007-12-12Exp: 2016-12-12→ Common Stock (15,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2010-05-11$35.00/sh−15,000$525,000→ 0 totalExercise: $0.54From: 2010-01-22Exp: 2019-01-22→ Common Stock (15,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2010-05-11$35.00/sh−15,000$525,000→ 0 totalExercise: $3.58From: 2008-12-11Exp: 2017-12-11→ Common Stock (15,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2010-05-11$35.00/sh−15,000$525,000→ 0 totalExercise: $34.74Exp: 2020-02-18→ Common Stock (15,000 underlying)
Footnotes (3)
- [F1]50% of the option vested and became exercisable on September 29, 2007, and 50% of the option vested and became exercisable on September 29, 2008.
- [F2]Pursuant to the Agreement and Plan of Merger (the "Agreement"), dated as of December 7, 2009, by and among the issuer, Green Mountain Coffee Roasters, Inc. and Pebbles Acquisition Sub, Inc. ("Purchaser"), at the time Purchaser accepted shares for payment pursuant to the offer contemplated by the Agreement (the "Acceptance Time"), this option was canceled and, in exchange, the holder received an amount in cash equal to the excess of $35.00 over the exercise price per share of such option, multiplied by the number of shares underlying such option.
- [F3]This option grant provided for the option to vest and become exercisable on the earlier of (i) the first anniversary of the grant date of February 18, 2010, and (ii) immediately prior to the annual meeting of stockholders following the grant date. Vesting of this option grant was accelerated at the Acceptance Time pursuant to the Agreement and the plan under which the grant was made.