0001140361-13-028678.txt : 20130723
0001140361-13-028678.hdr.sgml : 20130723
20130723162031
ACCESSION NUMBER: 0001140361-13-028678
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20130721
FILED AS OF DATE: 20130723
DATE AS OF CHANGE: 20130723
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ChyronHego Corp
CENTRAL INDEX KEY: 0000020232
STANDARD INDUSTRIAL CLASSIFICATION: PHOTOGRAPHIC EQUIPMENT & SUPPLIES [3861]
IRS NUMBER: 112117385
STATE OF INCORPORATION: NY
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 5 HUB DR
CITY: MELVILLE
STATE: NY
ZIP: 11747
BUSINESS PHONE: 6318452000
MAIL ADDRESS:
STREET 1: 5 HUB DRIVE
CITY: MELVILLE
STATE: NY
ZIP: 11747
FORMER COMPANY:
FORMER CONFORMED NAME: CHYRON CORP
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: COMPUTER EXCHANGE INC
DATE OF NAME CHANGE: 19760114
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: KIELISZAK JERRY
CENTRAL INDEX KEY: 0001254333
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-09014
FILM NUMBER: 13981610
4
1
doc1.xml
FORM 4
X0306
4
2013-07-21
0
0000020232
ChyronHego Corp
CHYR
0001254333
KIELISZAK JERRY
CHYRONHEGO CORP.
5 HUB DRIVE
MELVILLE
NY
11747
0
1
0
0
SVP & CFO
Employee Stock Option (right to buy)
1.05
2013-07-21
4
J
0
8334
0.57
D
2013-11-07
Common Stock
8334
0
D
Employee Stock Option (right to buy)
1.02
2013-07-21
4
J
0
25000
0.60
D
2015-06-03
Common Stock
25000
0
D
The Issuer's acquisition of Hego AB on May 22, 2013 (the "closing date") qualified as a change-in-control as that term is defined in the Issuer's 1999 Incentive Compensation Plan (the "1999 Plan"). In accordance with the provisions of the 1999 Plan, these stock options were entitled to be, at the holder's election, surrendered in return for cash equal to the spread between the exercise price and the Change-in-Control Price, which is defined in the 1999 Plan as the highest closing price on the NASDAQ during the period 60 days prior to and 60 days after the closing date. The Reporting Person made such an election to cancel the stock option on July 21, 2013 and surrendered these stock options in return for a cash payment of $4,750.38, which represents the difference between the exercise price of $1.05 and the Change-in-Control Price of $1.62, multiplied by the number of shares subject to the stock option.
The Issuer's acquisition of Hego AB on the closing date qualified as a change-in-control as that term is defined in the Issuer's 1999 Plan. In accordance with the provisions of the 1999 Plan, these stock options were entitled to be, at the holder's election, surrendered in return for cash equal to the spread between their exercise price and the Change-in-Control Price. The Reporting Person made such an election to cancel the stock option on July 21, 2013 and surrendered these stock options in return for a cash payment of $15,000.00, which represents the difference between the exercise price of $1.02 and the Change-in-Control Price of $1.62, multiplied by the number of shares subject to the stock option.
Jerry Kieliszak
2013-07-23