KIRK ROBERT S 4
4 · MICROTUNE INC · Filed Dec 2, 2010
Insider Transaction Report
Form 4
MICROTUNE INCTUNE
KIRK ROBERT S
Vice President Worldwide Sales
Transactions
- Disposition to Issuer
Common Stock
2010-11-30$2.92/sh−51,921$151,609→ 0 total - Disposition to Issuer
Restricted Stock Units
2010-11-30−223,089→ 0 total→ Common Stock (223,089 underlying) - Disposition to Issuer
Stock Option (right to buy)
2010-11-30−490,672→ 0 total→ Common Stock (490,672 underlying)
Footnotes (6)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger between Issuer, Zoran Corporation ("Zoran") and Maple Acquisition Corp. dated September 7, 2010 (the "Merger Agreement"), in exchange for $2.92 per share in cash.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Microtune common stock.
- [F3]Pursuant to the Merger Agreement, the restricted stock units were assumed by Zoran and shall represent a contingent right to receive 93,697 shares of Zoran Common Stock based on the Exchange Ratio (as defined in the Merger Agreement) established three days prior to Closing.
- [F4]Pursuant to the Merger Agreement, the option vested in full immediately prior to the effectiveness of the merger.
- [F5]Pursuant to the Merger Agreement, the stock options were cancelled upon the effectiveness of the merger in exchange for a cash payment equivalent to $50,433.55 which represents the excess of $2.92 over the per share exercise price of the stock options.
- [F6]Please see the Issuer's latest proxy statement.