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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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 control number. | SEC 1474 (9-02) |
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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Option (Right to Buy) | $ 10.77 | 04/21/2005 | U(4) | 208,794 (4) | (4) | (4) | Common Stock, par value $.01 per share | 208,794 (4) | (4) | 0 | D | ||||
Stock Option (Right to Buy) | $ 16.23 | 04/21/2005 | U(4) | 45,000 (4) | (4) | (4) | Common Stock, par value $.01 per share | 45,000 (4) | (4) | 0 | D | ||||
Stock Option (Right to Buy) | $ 14.52 | 04/21/2005 | U(4) | 45,000 (4) | (4) | (4) | Common Stock, par value $.01 per share | 45,000 (4) | (4) | 0 | D | ||||
Stock Option (Right to Buy) | $ 9.7 | 04/21/2005 | U(5) | 6,000 (5) | (5) | (5) | Common Stock, par value $.01 per share | 6,000 (5) | (5) | 0 | I | By Husband | |||
Stock Option (Right to Buy) | $ 14.52 | 04/21/2005 | U(5) | 1,500 (5) | (5) | (5) | Common Stock, par value $.01 per share | 1,500 (5) | (5) | 0 | I | By Husband |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
COBB CAROLE B 925 PAGE MILL ROAD PALO ALTO, CA 94304 |
Sr. VP - Global Supply |
Mark D. Buri, as Attorney-in-fact for Carole B. Cobb | 04/21/2005 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | On 1/27/05, Genencor International, Inc. (the "Company"), Danisco A/S ("Danisco") and DH Subsidiary Inc., an indirect wholly-owned subsidiary of Danisco ("Acquisition Sub") entered into an Acquisition Agreement (the "Acquisition Agreement") providing for a cash tender offer to acquire all of the outstanding shares of common stock of the Company not otherwise owned by Danisco or its subsidiaries for $19.25 per share, to be followed by a merger of Acquisition Sub with and into the Company, with the Company to continue as the surviving corporation. These shares were accepted in the closing of the tender offer on 4/20/05. |
(2) | Pursuant to the terms of the Acquisition Agreement, as of the effective time of the merger (5:00 PM EST on 4/21/05) (the "Effective Time of the Merger"), these shares will be converted into the right to receive a cash payment in an amount equal to $19.25 per share. |
(3) | These shares are held in two custodial accounts (600 shares each) for Ms. Cobb's two daughters. |
(4) | Pursuant to the terms of the Acquisition Agreement, as of Effective Time of the Merger, these options will be cancelled and Ms. Cobb will be entitled to receive a cash payment in an amount equal to the difference between $19.25 (for options issued under the Company's Stock Option and Stock Appreciation Right Plan) or $19.27 (for options issued under the Company's 2002 Omnibus Incentive Plan) and the exercise price per share under the option multiplied by the number of shares covered by the option. |
(5) | Pursuant to the terms of the Acquisition Agreement, as of Effective Time of the Merger, these options will be cancelled and Ms. Cobb's husband will be entitled to receive a cash payment in an amount equal to the difference between $19.25 (for options issued under the Company's Stock Option and Stock Appreciation Right Plan) or $19.27 (for options issued under the Company's 2002 Omnibus Incentive Plan) and the exercise price per share under the option multiplied by the number of shares covered by the option. |