0001018332-11-000017.txt : 20110727
0001018332-11-000017.hdr.sgml : 20110727
20110727104223
ACCESSION NUMBER: 0001018332-11-000017
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110725
FILED AS OF DATE: 20110727
DATE AS OF CHANGE: 20110727
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: MOLINA MARK S
CENTRAL INDEX KEY: 0001248802
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33002
FILM NUMBER: 11989108
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: L-1 IDENTITY SOLUTIONS, INC.
CENTRAL INDEX KEY: 0001018332
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
IRS NUMBER: 043320515
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 177 BROAD STREET
CITY: STAMFORD
STATE: CT
ZIP: 06901
BUSINESS PHONE: 203-504-1100
MAIL ADDRESS:
STREET 1: 177 BROAD STREET
CITY: STAMFORD
STATE: CT
ZIP: 06901
FORMER COMPANY:
FORMER CONFORMED NAME: VIISAGE TECHNOLOGY INC
DATE OF NAME CHANGE: 19960708
4
1
edgar.xml
PRIMARY DOCUMENT
X0303
4
2011-07-25
1
0001018332
L-1 IDENTITY SOLUTIONS, INC.
ID
0001248802
MOLINA MARK S
C/O L-1 IDENTITY SOLUTIONS, INC.
177 BROAD STREET, 12TH FLOOR
STAMFORD
CT
06901
0
1
0
0
EVP, Chief Legal Officer & Sec
Common Stock, par value $0.001 per share
2011-07-25
4
D
0
123427
12.00
D
0
D
Common Stock, par value $0.001 per share
2011-07-25
4
D
0
5572
12.00
D
0
I
By 401(k) Plan
Employee Stock Options (right to buy)
7.33
2011-07-25
4
D
0
25000
4.67
D
2019-02-10
Common Stock, par value $0.001 per share
25000
0
D
Employee Stock Options (right to buy)
7.23
2011-07-25
4
D
0
100000
4.77
D
2019-09-08
Common Stock, par value $0.001 per share
100000
0
D
Employee Stock Options (right to buy)
10.04
2011-07-25
4
D
0
5912
1.96
D
2011-07-26
Common Stock, par value $0.001 per share
5912
0
D
Employee Stock Options (right to buy)
10.04
2011-07-25
4
D
0
17737
1.96
D
2011-07-26
Common Stock, par value $0.001 per share
17737
0
D
Employee Stock Options (right to buy)
10.02
2011-07-25
4
D
0
14190
1.98
D
2013-04-23
Common Stock, par value $0.001 per share
14190
0
D
Employee Stock Options (right to buy)
11.14
2011-07-25
4
D
0
28380
.86
D
2014-02-04
Common Stock, par value $0.001 per share
28380
0
D
On July 25, 2011, L-1 Identity Solutions, Inc., a Delaware corporation (the "Issuer"), was acquired (the "Merger") pursuant to that certain Agreement and Plan of Merger, dated as of September 19, 2010 (the "Merger Agreement"), by and among the Issuer, Safran SA, a french societe anonyme ("Parent"), and Laser Aquisition Sub Inc., a Delaware corporation and wholly owned subsidiary of Parent ("Merger Sub"). In connection with the Merger, all shares of the Issuer's common stock, par value $0.001 per share ("Common Stock"), held by the Reporting Person at the effective time of the Merger (the "Effective Time") were exchanged for merger consideration consisting of $12.00 in cash per share of Common Stock, subject to applicable withholding amounts, as described in the Merger Agreement.
Represents shares of Common Stock held in the Reporting Person's 401(k) Plan that were exchanged for merger consideration in the Merger.
These options to purchase 25,000 shares of Common Stock, which were scheduled to vest in four equal annual installments beginning on the first anniversary of the date of grant (which was February 10, 2010), became fully vested and exercisable as of immediately prior to the Effective Time. As of the Effective Time, each option was cancelled in the Merger in exchange for a cash payment of $4.67 ($116,750 in the aggregate), representing the difference between the exercise price of the options ($7.33 per share) and the merger consideration ($12.00 per share), subject to applicable tax withholding amounts. Any other stock options held by the Reporting Person were cancelled as of the Effective Time for no value.
These options to purchase 100,000 shares of Common Stock, which were scheduled to vest in four equal annual installments beginning on the first anniversary of the date of grant (which was September 8, 2010), became fully vested and exercisable as of immediately prior to the Effective Time. As of the Effective Time, each option was cancelled in the Merger in exchange for a cash payment of $4.77 ($477,000 in the aggregate), representing the difference between the exercise price of the options ($7.23 per share) and the merger consideration ($12.00 per share), subject to applicable tax withholding amounts. Any other stock options held by the Reporting Person were cancelled as of the Effective Time for no value.
These options to purchase 5,912 shares of Common Stock were fully vested. As of the Effective Time, each option was cancelled in the Merger in exchange for a cash payment of $1.96 ($11,588 in the aggregate), representing the difference between the exercise price of the options ($10.04 per share) and the merger consideration ($12.00 per share), subject to applicable tax withholding amounts. Any other stock options held by the Reporting Person were cancelled as of the Effective Time for no value.
These options to purchase 17,737 shares of Common Stock were fully vested. As of the Effective Time, each option was cancelled in the Merger in exchange for a cash payment of $1.96 ($34,765 in the aggregate), representing the difference between the exercise price of the options ($10.04 per share) and the merger consideration ($12.00 per share), subject to applicable tax withholding amounts. Any other stock options held by the Reporting Person were cancelled as of the Effective Time for no value.
These options to purchase 14,190 shares of Common Stock were fully vested. As of the Effective Time, each option was cancelled in the Merger in exchange for a cash payment of $1.98 ($28,096 in the aggregate), representing the difference between the exercise price of the options ($10.02 per share) and the merger consideration ($12.00 per share), subject to applicable tax withholding amounts. Any other stock options held by the Reporting Person were cancelled as of the Effective Time for no value
These options to purchase 28,380 shares of Common Stock were fully vested. As of the Effective Time, each option was cancelled in the Merger in exchange for a cash payment of $0.86 ($24,407 in the aggregate), representing the difference between the exercise price of the options ($11.14 per share) and the merger consideration ($12.00 per share), subject to applicable tax withholding amounts. Any other stock options held by the Reporting Person were cancelled as of the Effective Time for no value
Mark S. Molina
2011-07-27