FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
DENDRITE INTERNATIONAL INC [ DRTE ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 11/22/2004 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 11/22/2004 | M(1) | 188,560 | A(1) | $12.06 | 2,435,060 | D | |||
Common Stock | 11/12/2004 | M(1) | 98,804 | A(1) | $13.19 | 2,533,864 | D | |||
Common Stock | 11/12/2004 | M(1) | 33,155 | A(1) | $9.75 | 2,567,019 | D | |||
Common Stock | 11/22/2004 | M(1) | 65,750 | A(1) | $12.01 | 2,632,769 | D | |||
Common Stock | 11/22/2004 | M(1) | 656 | A(1) | $7.75 | 2,633,425 | D | |||
Common Stock | 11/22/2004 | F(1) | 316,048 | D(1) | $17.05 | 2,317,377 | D | |||
Common Stock | 41,000 | I | Foundation(2) | |||||||
Common Stock | 561,905 | I | Carinya(3) | |||||||
Common Stock | 16,443 | I | 401(k)(4) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Options to Purchase Common Stock | $12.06 | 11/22/2004 | M | 188,560 | (5) | 10/22/2007 | Common Stock | 188,560 | $0.00 | 0 | D | ||||
Options to Purchase Common Stock | $13.19 | 11/22/2004 | M | 98,804 | (5) | 10/22/2007 | Common Stock | 98,804 | $0.00 | 0 | D | ||||
Options to Purchase Common Stock | $9.75 | 11/22/2004 | M | 33,155 | (5) | 10/22/2007 | Common Stock | 33,155 | $0.00 | 0 | D | ||||
Options to Purchase Common Stock | $12.01 | 11/22/2004 | M | 65,750 | (6) | 02/06/2012 | Common Stock | 65,750 | $0.00 | 31,250 | D | ||||
Options to Purchase Common Stock | $7.75 | 11/22/2004 | M | 656 | (6) | 02/06/2013 | Common Stock | 656 | $0.00 | 844 | D | ||||
Options to Purchase Common Stock | $17.05 | 11/22/2004 | A | 316,048 | (7) | 11/22/2014 | Common Stock | 316,048 | $0.00 | 316,048 | D |
Explanation of Responses: |
1. MR. BAILYE EXERCISED OPTIONS FOR AN AGGREGATE OF 386,925 SHARES AND CONTINUES TO HOLD THE SHARES (NO SALE OF SHARES INTO THE MARKET). MR. BAILYE SATISFIED THE EXERCISE PRICE (AND TAX WITHHOLDING) BY DELIVERING EXISTING MATURE SHARES. |
2. These shares are held by the Bailye Family Foundation (the "Foundation"). The Foundation is a trust established exclusively to provide financial support for charitable organizations which are intended to be tax-exempt institutions under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended. Mr. Bailye and his spouse constitute two of the three trustees of the Foundation. |
3. These shares are held by Carinya Holding Company ("Carinya"). Carinya is a general partnership consisting of Mr. Bailye, Mr. Bailye's wife and trusts for the benefit of each of their two children, as general partners. The trustees of such trusts are Mr. Bailye's parents and Mrs. Bailye's parents, respectively, as general partners. Mr. Bailye disclaims beneficial ownership of the shares owned by Carinya, except to the extent of the two 10% partners' interests therein owned by Mr. Bailye and his spouse, respectively. |
4. Such amount represents the balance of shares held by Mr. Bailye pursuant to the Issuer's 401(k) plan as of September 30, 2004. |
5. Such options are 100% exercisable. |
6. Such options become exercisable as follows: 25% on first anniversary of the date of grant, and the remaining 75% shall become exercisable pro-rata on a monthly basis for the three years thereafter. |
7. Such options become exercisable on the first anniversary of the date of grant. |
David M. McCoy, Attorney-in-fact | 11/24/2004 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |