ALLEN TELECOM INC 4
4 · ALLEN TELECOM INC · Filed Jul 16, 2003
Insider Transaction Report
Form 4
No transactions or holdings reported in this filing.
Footnotes (4)
- [F1]Included in this number are 3,354 shares held by Mr. Lyons' spouse of which Mr. Lyons disclaims beneficial ownership; these shares were disposed of pursuant to merger agreement between issuer and Andrew Corporation in exchange for 23,799 shares of Andrew Corporation common stock having a market value of $11.49 per share on the effective date of the merger
- [F2]This option, which provided for a vesting schedule of 50% on the second anniversary, 75% on the third anniversary and 100% on the fourth anniversary of the date of grant, was canceled in the merger in exchange for a cash payment of $244,014.64, representing the difference between the exercise price of the option and the closing price of the underlying issuer common stock on the day prior to the effective date of the merger ($20.51)
- [F3]This option, which provided for a vesting schedule of 50% on the second anniversary, 75% on the third anniversary and 100% on the fourth anniversary of the date of grant, was canceled in the merger in exchange for a cash payment of $180,125, representing the difference between the exercise price of the option and the closing price of the underlying issuer common stock on the day prior to the effective date of the merger
- [F4]This option, which provided for a vesting schedule of 50% on the second anniversary, 75% on the third anniversary and 100% on the fourth anniversary of the date of grant, was assumed by Andrew Corporation in the merger and replaced with an option to purchase 30,175 shares of Andrew Corporation for $13.0282 per share