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 |
|
|||||||||||||||
|
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)
|
2. Issuer Name and Ticker or Trading Symbol
DIGITAL INSIGHT CORP [ DGIN ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|
||||||||||||||||||||||||
3. Date of Earliest Transaction
(Month/Day/Year) 02/06/2007 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|
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 | 02/06/2007 | M(1) | 40,626 | A | $13.63 | 89,918 | D | |||
Common Stock | 02/06/2007 | F(1) | 22,585 | D | $39 | 67,333 | D | |||
Common Stock | 02/06/2007 | M(1) | 4,875 | A | $16 | 72,208 | D | |||
Common Stock | 02/06/2007 | F(1) | 3,952 | D | $39 | 68,256 | D | |||
Common Stock | 02/06/2007 | M(1) | 8,126 | A | $27.37 | 76,382 | D | |||
Common Stock | 02/06/2007 | F(1) | 5,081 | D | $39 | 71,301 | D | |||
Common Stock | 02/06/2007 | M(1) | 16,250 | A | $33.05 | 87,551 | D | |||
Common Stock | 02/06/2007 | F(1) | 14,675 | D | $39 | 72,876 | D | |||
Common Stock | 02/06/2007 | F(2) | 2,665 | D | $39 | 70,211 | D | |||
Common Stock | 02/06/2007 | F(2) | 1,974 | D | $39 | 68,237 | D | |||
Common Stock | 02/06/2007 | J(1)(2) | 68,237 | D | $39 | 0 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | ||||||||
Employee Stock Option (right to buy) | $13.63 | 02/06/2007 | M(1) | 40,626 | 10/01/2005 | 09/30/2014 | Common Stock | 40,626 | $0 | 21,875 | D | ||||
Employee Stock Option (right to buy) | $16 | 02/06/2007 | M(1) | 8,126 | 01/31/2006 | 01/30/2015 | Common Stock | 8,126 | $0 | 4,375 | D | ||||
Employee Stock Option (right to buy) | $27.37 | 02/06/2007 | M(1) | 4,875 | 09/08/2006 | 09/07/2015 | Common Stock | 4,875 | $0 | 2,625 | D | ||||
Employee Stock Option (right to buy) | $33.05 | 02/06/2007 | M(1) | 16,250 | (1) | 02/28/2016 | Common Stock | 16,250 | $0 | 8,750 | D | ||||
Employee Stock Option (right to buy) | $13.63 | 02/06/2007 | D(3) | 21,875 | (3) | 09/30/2014 | Common Stock | 21,875 | $10.96 | 0 | D | ||||
Employee Stock Option (right to buy) | $16 | 02/06/2007 | D(4) | 4,375 | (4) | 01/30/2015 | Common Stock | 4,375 | $12.86 | 0 | D | ||||
Employee Stock Option (right to buy) | $27.37 | 02/06/2007 | D(5) | 2,625 | (5) | 09/07/2015 | Common Stock | 2,625 | $22.01 | 0 | D | ||||
Employee Stock Option (right to buy) | $33.05 | 02/06/2007 | D(6) | 8,750 | (6) | 02/28/2016 | Common Stock | 8,750 | $26.57 | 0 | D |
Explanation of Responses: |
1. Upon completion of the merger between the Issuer and Intuit Inc., unvested stock options held by the Reporting Person are accelerated and net exercised and the Reporting Person will receive a cash payment, without interest, for the net exercised stock options equal to the difference between $39.00 per share multiplied by the number of Issuer's shares subject to the stock options, less the aggregate exercise price of the stock options. |
2. Upon completion of the merger between the Issuer and Intuit Inc., unvested restricted stock held by the Reporting Person isaccelerated and net exercised and the Reporting Person will receive a cash payment, without interest, for the net exercised restricted stock equal to the difference between $39.00 per share multiplied by the number of Issuer's shares subject to the restricted stock, less the aggregate exercise price of the restricted stock. |
3. This option represents 35% of unvested options held by the Reporting Person prior to the consummation of the merger between the Issuer and Intuit Inc. In connection with the merger, such option was assumed by Intuit Inc. and replaced with an option to purchase 27,207 shares of common stock for $10.96 per share, and will continue to vest in accordance with the original vesting schedule. |
4. This option represents 35% of unvested options held by the Reporting Person prior to the consummation of the merger between the Issuer and Intuit Inc. In connection with the merger, such option was assumed by Intuit Inc. and replaced with an option to purchase 5,441 shares of common stock for $12.86 per share, and will continue to vest in accordance with the original vesting schedule. |
5. This option represents 35% of unvested options held by the Reporting Person prior to the consummation of the merger between the Issuer and Intuit Inc. In connection with the merger, such option was assumed by Intuit Inc. and replaced with an option to purchase 3,265 shares of common stock for $22.01 per share, and will continue to vest in accordance with the original vesting schedule. |
6. This option represents 35% of unvested options held by the Reporting Person prior to the consummation of the merger between the Issuer and Intuit Inc. In connection with the merger, such option was assumed by Intuit Inc. and replaced with an option to purchase 10,883 shares of common stock for $26.57 per share, and will continue to vest in accordance with the original vesting schedule. |
Remarks: |
Myra E. Stevens, as Attorney-in-fact for Robert Meagher SR | 02/08/2007 | |
** 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. |