SEC Form 4 · accession 0000914190-17-000187

SAJAN INC · SAJA

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Jul 19, 2017

Accepted (ET)

Jul 19, 2017 · 4:45 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001118037

Table I — non-derivative securities

No Table I lines on this filing.

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Stock Option (Right to Buy)^F1	$21.40	Jul 19, 2017	E	250	D	—	Oct 26, 2017	Common Stock	250	D
Stock Option (Right to Buy)^F1	$2.88	Jul 19, 2017	D	250	D	—	Dec 11, 2018	Common Stock	250	D
Stock Option (Right to Buy)^F1	$5.20	Jul 19, 2017	D	250	D	—	Oct 26, 2019	Common Stock	250	D
Stock Option (Right to Buy)^F1	$5.60	Jul 19, 2017	D	1,250	D	—	Jun 11, 2020	Common Stock	1,250	D
Stock Option (Right to Buy)^F1	$5.20	Jul 19, 2019	D	1,250	D	—	Jun 8, 2021	Common Stock	1,250	D
Stock Option (Right to Buy)^F1	$3.80	Jul 19, 2017	D	1,250	D	—	Jun 6, 2022	Common Stock	1,250	D
Stock Option (Right to Buy)^F1	$3.20	Jul 19, 2017	D	1,250	D	—	Jun 13, 2023	Common Stock	1,250	D
Stock Option (Right to Buy)^F1	$5.40	Jul 19, 2017	D	2,500	D	—	Jun 13, 2024	Common Stock	2,500	D
Stock Option (Right to Buy)^F1	$5.81	Jul 19, 2017	D	2,500	D	—	Jun 12, 2025	Common Stock	2,500	D
Stock Option (Right to Buy)^F1	$4.50	Jul 19, 2017	D	2,500	D	—	Jun 10, 2026	Common Stock	2,500	D

F1Pursuant to the Merger Agreement, each unvested stock option became fully vested and exercisable immediately prior to the effective time of the merger. Each stock option that was outstanding and unexercised as of the effective time of the merger and had an exercise price per share that was less than $5.83 was then cancelled and converted into the right to receive a cash payment equal to $5.83 minus the exercise price, multiplied by the number of shares issuable upon exercise of such stock option, less any required withholding of taxes.