4//SEC Filing
DENDRITE INTERNATIONAL INC 4
Accession 0001214659-07-001112
CIK 0000880321operating
Filed
May 10, 8:00 PM ET
Accepted
May 11, 6:47 PM ET
Size
8.4 KB
Accession
0001214659-07-001112
Insider Transaction Report
Form 4
YOUNG JAMES
SVP & Chief HR Officer
Transactions
- Disposition to Issuer
Common Stock
2007-05-09$16.00/sh−26,000$416,000→ 0 total - Disposition to Issuer
Options to Purchase Common Stock
2007-05-09$6.05/sh−60,000$363,000→ 0 totalExercise: $9.95→ Common Stock (60,000 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger by and among the Issuer, Cegedim SA and Dogwood Enterprises, Inc., dated as of March 1, 2007, in exchange for a $16.00 cash payment (without interest and less applicable withholding taxes) for (i) each share of Common Stock of the Issuer held by the reporting person and (ii) each share of Common Stock of the Issuer underlying each restricted stock unit held by the reporting person.
- [F2]Options outstanding under the Company's stock plans, whether or not exercisable or vested, were canceled as of the effective time of the Issuer's merger with Cegedim SA (May 9, 2007), and holders of options are to receive a cash payment (without interest and less applicable withholding taxes) equal to the excess, if any, of $16.00 over the exercise price of such option, multiplied by the number of shares of Common Stock of the Issuer covered by each such option.
- [F3]These options were granted on September 25, 2006 and were scheduled to vest as follows: (i) twenty-five percent (25%) on the first anniversary of the date of grant and (ii) the remaining seventy-five percent (75%) pro rata over the following three (3) year period, on a monthly basis, commencing on the first anniversary of the date of grant and ending on the fourth anniversary of the date of grant. These options provided for an expiration date of September 25, 2016.
Documents
Issuer
DENDRITE INTERNATIONAL INC
CIK 0000880321
Entity typeoperating
IncorporatedNJ
Related Parties
1- filerCIK 0000880321
Filing Metadata
- Form type
- 4
- Filed
- May 10, 8:00 PM ET
- Accepted
- May 11, 6:47 PM ET
- Size
- 8.4 KB