SANCHEZ COMPUTER ASSOCIATES INC 4

Accession 0001192482-04-000215

CIK 0001022926operating

View on SEC.gov Company Profile

Filed

Apr 15, 8:00 PM ET

Accepted

Apr 16, 12:26 PM ET

Size

41.8 KB

Accession

0001192482-04-000215

Insider Transaction Report

Form 4

Period: 2004-04-14

SANCHEZ COMPUTER ASSOCIATES INCSCAI

SANCHEZ FRANK R

DirectorChief Executive Officer

Transactions

Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
2004-04-14−50,000→ 0 total
Exercise: $2.17→ Common Stock (50,000 underlying)
Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
2004-04-14−77,466→ 0 total
Exercise: $6.74→ Common Stock (77,466 underlying)
Disposition to Issuer
Incentive Stock Option (Right to Buy)
2004-04-14−20,000→ 0 total
Exercise: $10.00→ Common Stock (40,000 underlying)
Disposition to Issuer
Incentive Stock Option (Right to Buy)
2004-04-14−10,000→ 0 total
Exercise: $15.56→ Common Stock (10,000 underlying)
Disposition to Issuer
Incentive Stock Option (Right to Buy)
2004-04-14−22,534→ 0 total
Exercise: $6.74→ Common Stock (22,534 underlying)
Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
2004-04-14−2,000→ 0 total
Exercise: $11.44→ Common Stock (2,000 underlying)
Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
2004-04-14−26,666→ 0 total
Exercise: $10.00→ Common Stock (40,000 underlying)
Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
2004-04-14−21,000→ 0 total
Exercise: $4.10→ Common Stock (21,000 underlying)
Disposition to Issuer
Incentive Stock Option (Right to Buy)
2004-04-14−19,324→ 0 total
Exercise: $7.47→ Common Stock (19,324 underlying)
Disposition to Issuer
Common Stock
2004-04-14$6.50/sh−1,399,020$9,093,630→ 0 total
Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
2004-04-14−48,000→ 0 total
Exercise: $1.81→ Common Stock (48,000 underlying)
Disposition to Issuer
Incentive Stock Option (Right to Buy)
2004-04-14−16,667→ 0 total
Exercise: $3.38→ Common Stock (16,667 underlying)
Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
2004-04-14−33,333→ 0 total
Exercise: $3.38→ Common Stock (33,333 underlying)
Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
2004-04-14−57,176→ 0 total
Exercise: $7.47→ Common Stock (57,176 underlying)
Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
2004-04-14−20,000→ 0 total
Exercise: $11.44→ Common Stock (20,000 underlying)
Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
2004-04-14−5,000→ 0 total
Exercise: $15.56→ Common Stock (5,000 underlying)

Footnotes (16)

[F1]Disposed of in connection with the consummation of the first-step merger (the "Merger") contemplated by that certain Restated Agreement and Plan of Merger, dated as of January 27, 2004 and restated as of March 4, 2004 (the "Merger Agreement"), by and among the Issuer, Fidelty National Financial, Inc. ("FNF"), Fidelity Information Services, Inc., Sunday Merger Corp. and Sunday Merger, LLC. Pursuant to the Merger Agreement, each outstanding share of the Issuer's Common Stock was converted into the right to receive consideration valued at $6.50 per share in cash, shares of FNF Common Stock or a combination of both.
[F10]Options vest one-third starting on the second anniversary of the grant date and another two-thirds on the third anniversary of the grant date.
[F11]33,334 options vested starting on the first anniversary of the grant date, 25,635 options vested on the second anniversary of the grant date and another 18,497 options vested on the third anniversary of the grant date.
[F12]Options vested one-third each year starting on the first anniversary of the grant date.
[F13]Options vested 50% starting on the second anniversary of the grant date and another 50% on the third anniversary of the grant date.
[F14]Options vested on the first anniversary of the grant date.
[F15]First vested segment of the option had a nine-year term from the date it first became exercisable; second vested segment of the option had an eight-year term from the date it first became exercisable; third vested segment of the option had a seven-year term from the date it first became exercisable and the fourth vested segment of the option had a six-year term from the date it first became exercisable.
[F16]10,000 options vested on December 31, 1998; remaining options vested one-third each year starting on the first anniversary of the grant date.
[F2]Upon consummation of the Merger, each outstanding option to purchase Issuer Common Stock was converted to an option to purchase shares of FNF Common Stock on substantially the same terms, except that the number of shares was adjusted by multiplying the number of Issuer option shares by .1673 (rounding down to the nearest whole number) and the option exercise price was adjusted by dividing the exercise price of each Issuer option by .1673.
[F3]Options vested one-fourth each year starting on the first anniversary of the grant date.
[F4]Each vested segment of the option had a five-year term from the date it first became exercisable.
[F5]Options vested one-fourth each year starting on the grant date.
[F6]Options vest on the third anniversary of the grant date.
[F7]Options have a five-year term from the date they first became exercisable.
[F8]Options vested 50% starting on the first anniversary of the grant date and another 50% on the second anniversary of the grant date.
[F9]Options vested 50% starting six months from the grant date and another 50% on the first anniversary of the grant date.

Documents

1 file

4
edgar.xmlPrimary
PRIMARY DOCUMENT

Issuer

SANCHEZ COMPUTER ASSOCIATES INC

CIK 0001022926

→

Entity typeoperating

IncorporatedPA

Related Parties

filerCIK 0001022926

Filing Metadata

Form type: 4
Filed: Apr 15, 8:00 PM ET
Accepted: Apr 16, 12:26 PM ET
Size: 41.8 KB

View on SEC.gov