4//SEC Filing
BATTAT RANDALL S 4
Accession 0001209191-10-022009
CIK 0001116435other
Filed
Apr 12, 8:00 PM ET
Accepted
Apr 13, 12:34 PM ET
Size
18.4 KB
Accession
0001209191-10-022009
Insider Transaction Report
Form 4
AIRVANA INCAIRV
BATTAT RANDALL S
DirectorPresident, CEO
Transactions
- Disposition to Issuer
Common Stock
2010-04-09−1,327,288→ 1,278,026 total(indirect: See footnote.) - Disposition to Issuer
Stock Option (Right to Buy)
2010-04-09$6.57/sh−69,351$455,567→ 0 totalExercise: $1.08Exp: 2014-03-01→ Common Stock (69,351 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2010-04-09$2.32/sh−120,000$278,400→ 0 totalExercise: $5.33Exp: 2019-02-09→ Common Stock (120,000 underlying) - Disposition to Issuer
Common Stock
2010-04-09−1,278,026→ 0 total(indirect: See footnote.) - Disposition to Issuer
Stock Option (Right to Buy)
2010-04-09$5.22/sh−69,350$361,799→ 0 totalExercise: $2.43Exp: 2016-08-20→ Common Stock (69,350 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2010-04-09$2.44/sh−90,000$219,600→ 0 totalExercise: $5.21Exp: 2018-02-03→ Common Stock (90,000 underlying)
Footnotes (7)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of December 17, 2009, by and among the issuer, 72 Mobile Holdings, LLC and 72 Mobile Acquisition Corp. in exchange for a cash payment of $10,153,753.20 ($7.65 per share) on the effective date of the merger.
- [F2]Held by Randall S Battat Revocable Trust (the "Trust"), of which the Reporting Person is the trustee. The Reporting Person disclaims beneficial ownership of the securities held by the Trust, except to the extent of any pecuniary interest therein.
- [F3]Disposed of in connection with the Agreement and Plan of Merger, dated as of December 17, 2009, by and among the issuer, 72 Mobile Holdings, LLC ("Parent") and 72 Mobile Acquisition Corp., at a value of $7.65 per share for units in Parent.
- [F4]This option, which provided for vesting as to 20% of the shares of common stock subject to this option on March 2, 2005 and the remaining 80% of the shares to vest in equal quarterly installments over the succeeding four years, was canceled in the merger in exchange for a cash payment of $455,566.71 representing the difference between the exercise price of the option and the market value of the underlying common stock on the effective date of the merger ($7.65 per share).
- [F5]This option, which provided for vesting as to 20% of the shares of common stock subject to this option on August 21, 2007 and the remaining 80% of the shares to vest in equal quarterly installments over the succeeding four years, was canceled in the merger in exchange for a cash payment of $361,798.95 representing the difference between the exercise price of the option and the market value of the underlying common stock on the effective date of the merger ($7.65 per share).
- [F6]This option, which provided for vesting as to 25% of the underlying shares on February 4, 2009 and as to an additional 6.25% each three-month period thereafter until the fourth anniversary of the date of grant, was canceled in the merger in exchange for a cash payment of $219,600 representing the difference between the exercise price of the option and the market value of the underlying common stock on the effective date of the merger ($7.65 per share).
- [F7]This option, which provided for vesting as to 25% of the underlying shares on February 10, 2010 and as to an additional 6.25% each three-month period thereafter until the fourth anniversary of the date of grant, was canceled in the merger in exchange for a cash payment of $278,400 representing the difference between the exercise price of the option and the market value of the underlying common stock on the effective date of the merger ($7.65 per share). Page
Documents
Issuer
AIRVANA INC
CIK 0001116435
Entity typeother
Related Parties
1- filerCIK 0001066150
Filing Metadata
- Form type
- 4
- Filed
- Apr 12, 8:00 PM ET
- Accepted
- Apr 13, 12:34 PM ET
- Size
- 18.4 KB