Wolford Orland M 4
4 · TBC CORP · Filed Nov 21, 2005
Insider Transaction Report
Form 4
TBC CORPTBCC
Wolford Orland M
President of Subsidiary
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2005-11-17$5.59/sh−10,438$58,348→ 0 totalExercise: $29.41Exp: 2015-01-25→ Common Stock (10,438 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2005-11-17$7.10/sh−21,500$152,650→ 0 totalExercise: $27.90Exp: 2014-01-25→ Common Stock (21,500 underlying) - Disposition to Issuer
Common Stock
2005-11-17$35.00/sh−85,527$2,993,445→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2005-11-17$29.00/sh−12,500$362,500→ 0 totalExercise: $6.00Exp: 2010-05-07→ Common Stock (12,500 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2005-11-17$30.31/sh−3,500$106,092→ 0 totalExercise: $4.69Exp: 2010-10-24→ Common Stock (3,500 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2005-11-17$9.39/sh−26,600$249,774→ 0 totalExercise: $25.61Exp: 2015-01-25→ Common Stock (26,600 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2005-11-17$21.95/sh−29,855$655,317→ 0 totalExercise: $13.05Exp: 2012-01-05→ Common Stock (29,855 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2005-11-17$22.38/sh−33,994$760,786→ 0 totalExercise: $12.62Exp: 2013-01-09→ Common Stock (33,994 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2005-11-17$28.88/sh−10,000$288,750→ 0 totalExercise: $6.13Exp: 2011-01-13→ Common Stock (10,000 underlying)
Footnotes (9)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of September 18, 2005, by and among Sumitomo Corporation of America, Traction Acquisition Corp., and the issuer in exchange for a cash payment of $2,993,445 representing the number of shares held by the reporting person (85,527) multiplied by the merger price ($35/share).
- [F2]This option, which vests in three equal annual installments beginning on 01/06/03, was canceled in the merger in exchange for a cash payment of $655,317.25 representing the difference between the exercise price of the option and the merger price of the stock of the issuer ($35.00 per share).
- [F3]This option, which vests in three equal annual installments beginning on 01/10/04, was canceled in the merger in exchange for a cash payment of $760,785.72 representing the difference between the exercise price of the option and the merger price of the stock of the issuer ($35.00 per share).
- [F4]This option, which vested in three equal annual installments commencing on the first anniversary of the date of grant, was canceled in the merger in exchange for a cash payment of $362,500 representing the difference between the exercise price of the option and the merger price of the stock of the issuer ($35.00 per share).
- [F5]This option, which vests in three equal annual installments beginning on 01/26/05, was canceled in the merger in exchange for a cash payment of $152,650 representing the difference between the exercise price of the option and the merger price of the stock of the issuer ($35.00 per share).
- [F6]This option, which vests on 03/02/06, was canceled in the merger in exchange for a cash payment of $58,348.42 representing the difference between the exercise price of the option and the merger price of the stock of the issuer ($35.00 per share).
- [F7]This option, one third of which vested on 01/14/02, another third of which vested on 01/14/03 and the balance vested on 01/14/04, was canceled in the merger in exchange for a cash payment of $288,750 representing the difference between the exercise price of the option and the merger price of the stock of the issuer ($35.00 per share).
- [F8]This option, which vested in three equal annual installments commencing on the first anniversary of the date of grant, was canceled in the merger in exchange for a cash payment of $106,092 representing the difference between the exercise price of the option and the merger price of the stock of the issuer ($35.00 per share).
- [F9]This option, which vests in three equal annual installments beginning on 01/26/06, was canceled in the merger in exchange for a cash payment of $249,774 representing the difference between the exercise price of the option and the merger price of the stock of the issuer ($35.00 per share).