Filing Details

Accession Number:
0001209191-11-035131
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-06-17 09:29:34
Reporting Period:
2011-06-16
Filing Date:
2011-06-17
Accepted Time:
2011-06-17 09:29:34
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1084876 Rae Systems Inc RAE Measuring & Controlling Devices, Nec (3829) 770588488
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1232026 K Randall Gausman C/O Rae Systems Inc.
3775 North First Street
San Jose CA 95134
Vp & Chief Financial Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2011-06-16 5,000 $2.25 0 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Nonqualified Stock Option Disposition 2011-06-16 200,000 $0.00 200,000 $3.86
Common Stock Nonqualified Stock Option Disposition 2011-06-16 100,000 $0.00 100,000 $2.89
Common Stock Nonqualified Stock Option Disposition 2011-06-16 150,000 $0.85 150,000 $1.40
Common Stock Nonqualified Stock Option Disposition 2011-06-16 150,000 $1.27 150,000 $0.98
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2007-10-30 2011-06-16 No 4 J Direct
0 2008-04-19 2011-06-16 No 4 J Direct
0 2009-05-08 2011-06-16 No 4 S Direct
0 2010-05-01 2011-06-16 No 4 S Direct
Footnotes
  1. $2.25 is the consideration for the merger with an affiliate of Vector Capital.
  2. Cancellation of out-of-the-money stock option upon closing of the merger.
  3. Vested over four years from grant date, which is one year prior to the Exercisable Date.
  4. Under the Merger Agreement, vesting is accelerated for all unvested shares as of the Closing Date.
  5. The price equals $2.25 (the merger consideration) less the exercise price.