INSURANCE AUTO AUCTIONS, INC 4
4 · INSURANCE AUTO AUCTIONS, INC · Filed Jun 7, 2005
Insider Transaction Report
Form 4
LIVINGSTON PHILIP B
Director
Transactions
- Disposition to Issuer
Common Stock
2005-05-25$28.25/sh−5,700$161,025→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2005-05-25$11.25/sh−5,000$56,250→ 0 totalExercise: $17.00Exp: 2014-06-30→ Common Stock (5,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2005-05-25$18.30/sh−10,000$183,000→ 0 totalExercise: $9.95Exp: 2013-03-05→ Commmon Stock (10,000 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to merger agreement by and among issuer, Axle Merger Sub, Inc. and Axle Holdings, Inc.
- [F2]This option was canceled in the merger in exchange for a cash payment of $183,000, representing the difference between the exercise price of the option and the offer price of $28.25 for the underlying IAAI common stock pursuant to the merger agreement.
- [F3]This option was canceled in the merger in exchange for a cash payment of $56,250, representing the difference between the exercise price of the option and the offer price of $28.25 for the underlying IAAI common stock pursuant to the merger agreement.