Silver David M K 4
4 · CSS INDUSTRIES INC · Filed Mar 4, 2020
Insider Transaction Report
Form 4
Silver David M K
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2020-03-03−8,883→ 0 totalExercise: $0.00→ Common Stock ($.10 par value) (8,883 underlying)
Footnotes (1)
- [F1]Pursuant to the terms of the agreement and plan of merger dated January 20, 2020 by and among CSS Industries, Inc., a Delaware corporation (the "Issuer"), TOM MERGER SUB INC., a Delaware corporation ("Merger Sub") and direct, wholly owned subsidiary of IG Design Group Americas, Inc., a Georgia corporation and wholly owned subsidiary of IG Design Group Plc, a public limited company incorporated and registered in England and Wales, on March 3, 2020, each outstanding restricted stock unit (each, an "Issuer RSU") became fully vested and was cancelled in exchange for a cash payment, without interest and less applicable tax withholding, equal to the product of (A) $9.40, multiplied by (B) the number of shares of the Issuer's common stock subject to such Issuer RSU immediately prior to the effective time of the merger of Merger Sub with and into the Issuer on March 3, 2020.