4//SEC Filing
EMPIRE DISTRICT ELECTRIC CO 4
Accession 0000032689-17-000016
CIK 0000032689operating
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 5:03 PM ET
Size
9.9 KB
Accession
0000032689-17-000016
Insider Transaction Report
Form 4
BEECHER BRADLEY P
Vice President
Transactions
- Disposition to Issuer
Common Stock
2017-01-03$34.00/sh−6,405.959$217,803→ 0 total(indirect: By Savings Plan) - Disposition to Issuer
Restricted Stock Units
2017-01-03−36,921→ 0 totalExercise: $0.00→ Common Stock (36,921 underlying) - Disposition to Issuer
Common Stock
2017-01-03$34.00/sh−33,417$1,136,178→ 0 total(indirect: By Trust)
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]The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F3]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.
Documents
Issuer
EMPIRE DISTRICT ELECTRIC CO
CIK 0000032689
Entity typeoperating
IncorporatedKS
Related Parties
1- filerCIK 0000032689
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 5:03 PM ET
- Size
- 9.9 KB