President of United Online just cashed-in 25,713 options

Robert J Taragan, President of United Online, recently cashed-in 25,713 options. The options were exercised at $13.47, while the sales took place between $18.87 and $19.01 per share, on November 12, 2013. Taragan continues to hold 95,901 shares of the company. Taragan operates out of Woodland Hills, CA. Some additional info was provided as follows:

The Reporting Person's outstanding restricted stock unit awards and options to purchase Issuer common stock have been adjusted in connection with the 1-for-7 reverse stock split of Issuer common stock that was effected at 11:59 p.m. (Eastern Daylight Time) on October 31, 2013 ("Reverse Stock Split"), and in connection with the separation of FTD Companies, Inc. ("FTD") from the Issuer that was effected on November 1, 2013 in order to preserve the value of the Issuer securities as contemplated in the Employee Matters Agreement that was entered into by Issuer and FTD in connection with the separation of FTD from Issuer. The Reporting Person's outstanding shares of common stock have also been adjusted in connection with the Reverse Stock Split. Includes 20,948 shares subject to a restricted stock unit award granted on February 29, 2012 that will be issued as those units vest. Includes 39,278 shares subject to a restricted stock unit award granted on March 6, 2013 that will be issued as those units vest. Represents the weighted average sale price per share. The actual sales prices ranged from a low of $19.00 to a high of $19.02. The Reporting Person will provide upon request by the Securities and Exchange Commission, the Issuer or any security holder of the Issuer full information regarding the number of shares sold at each separate price. Represents the weighted average sale price per share. The actual sales prices ranged from a low of $18.85 to a high of $18.92. The Reporting Person will provide upon request by the Securities and Exchange Commission, the Issuer or any security holder of the Issuer full information regarding the number of shares sold at each separate price. The Reporting Person's outstanding shares of common stock have been adjusted in connection with the Reverse Stock Split. The option shall vest and become exercisable as follows: one-third vested on February 15, 2012, an additional one-third vested on February 15, 2013, and the remaining one-third shall vest upon the Reporting Person's continuation in service through February 15, 2014.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

To receive a free e-mail notification whenever United Online makes a similar move, sign up!

   Auto Refresh

Feedback