0001018332-11-000019.txt : 20110727
0001018332-11-000019.hdr.sgml : 20110727
20110727104459
ACCESSION NUMBER: 0001018332-11-000019
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: NESSEN PETER
CENTRAL INDEX KEY: 0001219424
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33002
FILM NUMBER: 11989119
MAIL ADDRESS:
STREET 1: NESSEN ASSOC.
STREET 2: 1 EXETER PLAZA
CITY: BOSTON
STATE: MA
ZIP: 02116
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
0001219424
NESSEN PETER
C/O L-1 IDENTITY SOLUTIONS, INC.
177 BROAD STREET, 12TH FLOOR
STAMFORD
CT
06901
1
0
0
0
Common Stock, par value $0.001 per share
2011-07-25
4
D
0
41596
12.00
D
0
D
Employee Stock Options (right to buy)
9.52
2011-07-25
4
D
0
4000
2.48
D
2013-02-18
Common Stock, par value $0.001 per share
4000
0
D
Employee Stock Options (right to buy)
11.85
2011-07-25
4
D
0
4000
.15
D
2015-03-08
Common Stock, par value $0.001 per share
4000
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.
These options to purchase 4,000 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 $2.48 ($9,900 in the aggregate), representing the difference between the exercise price of the options ($9.52 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 4,000 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 $0.15 ($600 in the aggregate), representing the difference between the exercise price of the options ($11.85 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.
Peter Nessen
2011-07-27