4//SEC Filing
Ely Mark 4
Accession 0001181431-11-010994
CIK 0000916235other
Filed
Feb 15, 7:00 PM ET
Accepted
Feb 16, 9:23 PM ET
Size
22.6 KB
Accession
0001181431-11-010994
Insider Transaction Report
Form 4
Ely Mark
Executive VP of Strategy
Transactions
- Exercise/Conversion
Common Stock
2011-02-14+6,250→ 14,138 total - Disposition to Issuer
Stock Option (Right to Buy)
2011-02-14−17,500Exercise: $11.48Exp: 2020-10-07→ Common Stock (17,500 underlying) - Disposition from Tender
Common Stock
2011-02-14$14.99/sh−9,148$137,129→ 7,888 total - Exercise/Conversion
Restricted Stock Unit
2011-02-14−6,250→ 6,250 totalExercise: $0.00Exp: 2018-06-12→ Common Stock (6,250 underlying) - Tax Payment
Common Stock
2011-02-14$14.93/sh−2,917$43,551→ 11,221 total - Tax Payment
Common Stock
2011-02-14$14.93/sh−5,837$87,146→ 17,884 total - Exercise/Conversion
Common Stock
2011-02-14+12,500→ 23,721 total - Disposition to Issuer
Stock Option (Right to Buy)
2011-02-14−44,687Exercise: $4.82Exp: 2019-10-28→ Common Stock (44,687 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2011-02-14−71,875Exercise: $1.23Exp: 2018-12-15→ Common Stock (71,875 underlying) - Exercise/Conversion
Restricted Stock Unit
2011-02-14−12,500→ 12,500 totalExercise: $0.00Exp: 2020-10-07→ Common Stock (12,500 underlying)
Footnotes (5)
- [F1]Represents shares withheld to satisfy income tax obligations associated with the release of common stock to the reporting person upon the vesting of RSUs.
- [F2]The exchange offer by Rovi Corporation for any and all shares of Common Stock of Sonic Solutions has expired and on February 14, 2011, Rovi Corporation accepted for payment in accordance with the terms of the offer, approximately 89.3% of the outstanding Sonic Solutions common stock. Pursuant to an agreement between Sonic Solutions and the filer, upon such acceptance, all outstanding unvested options to purchase common stock vested. Pursuant to resolutions of the compensation committee of the board of directors of Sonic Solutions and of the board of directors of Sonic Solutions and the agreement with the filer pursuant thereto, all such options have been automatically net exercised and have been automatically settled in cash.
- [F3]Price represents February 14, 2011 value of aggregate tender offer consideration of 45% Rovi Corporation common stock and 55% cash. Final calculation of actual consideration has not yet been performed, and payment has not yet been received.
- [F4]This Form 4 is being filed to report the accelerated vesting of Restricted Stock Units ("RSUs") in conjunction with change of control terms between Sonic Solutions (the "Company") and reporting person. Each RSU represents a contingent right to receive one share of Company common stock. The RSU was originally granted on June 12, 2008. Vested shares will be delivered to the reporting person.
- [F5]This Form 4 is being filed to report the accelerated vesting of Restricted Stock Units ("RSUs") in conjunction with change of control terms between Sonic Solutions (the "Company") and reporting person. Each RSU represents a contingent right to receive one share of Company common stock. The RSU was originally granted on October 7, 2010. Vested shares will be delivered to the reporting person.
Documents
Issuer
SONIC SOLUTIONS/CA/
CIK 0000916235
Entity typeother
Related Parties
1- filerCIK 0001340032
Filing Metadata
- Form type
- 4
- Filed
- Feb 15, 7:00 PM ET
- Accepted
- Feb 16, 9:23 PM ET
- Size
- 22.6 KB