GILBERT DENISE 4
4 · CONNETICS CORP · Filed Jan 3, 2007
Insider Transaction Report
Form 4
CONNETICS CORPCNCT
GILBERT DENISE
Director
Transactions
- Disposition to Issuer
Common Stock, Par Value $0.001
2006-12-29$17.50/sh−7,500$131,250→ 0 total - Disposition to Issuer
Common Stock, Par Value $0.001
2006-12-29$17.50/sh−1,111$19,443→ 0 total
Footnotes (2)
- [F1]In connection with the merger agreement between issuer and Stiefel Laboratories, shares of the Issuer's common stock were converted into the right to receive $17.50 per share in cash, without interest.
- [F2]Immediately prior to the effective time of the merger between issuer and Stiefel Laboratories, Inc., all restrictions on these shares of restricted stock were released, and the shares became fully vested and eligible for the merger consideration in an amount equal to $17.50 multiplied by the number of shares of common stock subject to the restrictions, less any required witholding.