EMPIRE DISTRICT ELECTRIC CO 4
4 · EMPIRE DISTRICT ELECTRIC CO · Filed Jan 4, 2017
Insider Transaction Report
Form 4
GATZ RONALD F
Vice President
Transactions
- Disposition to Issuer
Common Stock
2017-01-03$34.00/sh−4,767.982$162,111→ 0 total(indirect: By Savings Plan) - Disposition to Issuer
Common Stock
2017-01-03$34.00/sh−24,921$847,314→ 0 total - Disposition to Issuer
Restricted Stock Units
2017-01-03−9,512→ 0 total→ Common Stock (9,512 underlying)
Footnotes (3)
- [F1]Reflects the disposition of shares and restricted stock pursuant to the Agreement and Plan of Merger by and among The Empire District Electric Company (Empire), Liberty Utilities (Central) Co., and Liberty Sub Corp. (the "Merger Agreement"). Pursuant to the Merger Agreement, as of the effective date of the merger (January 1, 2017), the outstanding shares of Empire common stock were cancelled and converted automatically into the right to receive an amount in cash (without interest) equal to $34.00 per share (the "Per-Share Merger Consideration").
- [F2]Reflects the disposition of restricted stock units pursuant to the Agreement and Plan of Merger by and among The Empire District Electric Company (Empire), Liberty Utilities (Central) Co., and Liberty Sub Corp. (the "Merger Agreement"). Pursuant to the Merger Agreement, as of the effective date of the merger (January 1, 2017), the outstanding restricted stock units were cancelled and converted automatically into the right to receive a pro-rated lump-sum cash payment (without interest) based upon the Per-Share Merger Consideration. Pursuant to the Merger Agreement, with respect to outstanding performance-based awards, any performance goals were deemed achieved at the taret performance level and were converted automatically into the right to receive a lump-sum payment (without interest) based upon the Per-Share Merger Consideration.
- [F3]Includes 401 shares acquired under the EDE Employee Stock Purchase Plan on May 31, 2016.