BOYD BROS TRANSPORTATION INC 3
3 · BOYD BROS TRANSPORTATION INC · Filed Jan 8, 2004
Insider Transaction Report
Form 3
BBT ACQUISTION CORP
10% Owner
Holdings
- (indirect: By Gail B. Cooper)
Stock Options
Exercise: $2.67From: 2003-09-08Exp: 2012-01-16→ Common Stock (23,500 underlying) - 1,934,516(indirect: By Dempsey Boyd, Frances S. Boyd, Gail B. Cooper and Ginger B. Tibbs)
Common Stock
Footnotes (2)
- [F1]On December 31, 2003, each of Dempsey Boyd, Frances S. Boyd, Gail B. Cooper and Ginger B. Tibbs entered into a Contribution Agreement with BBT Acquisition Corporation pursuant to which each such stock holder agreed to contribute the outstanding shares of Boyd Bros. common stock held by such stock holder to BBT Acquisition Corporation upon satisfaction of certain conditions contained in a Merger Agreement by and between BBT Acquisition Corporation and Boyd Bros. Transportation Inc. dated as of the same date.
- [F2]All of such options became immediately exercisable on the above date due to certain market pricing conditions being met over a period of three trading days.