RASDAL WILLIAM D 4
4 · ADVANCED FIBRE COMMUNICATIONS INC · Filed Dec 2, 2004
Insider Transaction Report
Form 4
RASDAL WILLIAM D
Director
Transactions
- Disposition to Issuer
Common Stock
2004-11-30−78,000→ 0 total(indirect: By Trust) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2004-11-30−12,000→ 0 totalExercise: $17.88Exp: 2008-08-06→ Common Stock (12,000 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2004-11-30−15,000→ 0 totalExercise: $18.31Exp: 2013-05-22→ Common Stock (15,000 underlying)
Footnotes (3)
- [F1]Each of these shares were disposed of in the merger between the Issuer and Tellabs, Inc. on 11/30/04 in exchange for .504 shares of Tellabs, Inc. Common Stock and a cash payment of $12.00 per share.
- [F2]Held by the Rasdal Family Trust, William D. Rasdal or Marilyn K. Rasdal, Co-Trustees, dated July 6, 1983, of which the reporting person is the Trustee and the Beneficiary.
- [F3]This option was assumed by Tellabs, Inc. in the merger between the Issuer and Tellabs, Inc. on November 30, 2004 and became an option to purchase the number of shares of Tellabs, Inc. Common Stock which is equal to the number of shares of the Issuer underlying the option as specified in Table II, column 5, multiplied by the option exchange ratio of 1.91 and rounded down to the nearest whole share. The per share exercise price for the option is now equal to the exercise price listed in Table II, column 2, divided by the option exchange ratio of 1.91 and rounded up to the nearest whole cent. The option otherwise remains exercisable under the same terms and conditions that applied immediately prior to the closing of the merger.