4//SEC Filing
FURMANITE CORP 4
Accession 0000054441-16-000163
CIK 0000054441operating
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 11:41 AM ET
Size
25.9 KB
Accession
0000054441-16-000163
Insider Transaction Report
Form 4
Muff Robert
Principal Financial Officer
Transactions
- Disposition to Issuer
Options to buy common stock
2016-02-29−14,000→ 0 totalExercise: $5.10From: 2011-03-24Exp: 2020-03-24→ Common stock (14,000 underlying) - Disposition to Issuer
Options to buy common stock
2016-02-29−8,588→ 0 totalExercise: $6.89From: 2014-05-09Exp: 2023-05-09→ Common stock (8,588 underlying) - Disposition to Issuer
Options to buy common stock
2016-02-29−15,000→ 0 totalExercise: $7.08From: 2012-03-07Exp: 2021-03-07→ Common stock (15,000 underlying) - Tax Payment
Common stock
2016-02-29$5.58/sh−17,780$99,212→ 92,885 total - Award
Restricted stock units
2016-02-29+50,707→ 63,279 totalExercise: $0.00From: 2016-02-29Exp: 2016-02-29→ Common stock (50,707 underlying) - Disposition to Issuer
Options to buy common stock
2016-02-29−8,427→ 0 totalExercise: $10.85From: 2015-05-13Exp: 2024-05-13→ Common stock (8,427 underlying) - Exercise/Conversion
Common stock
2016-02-29+63,279→ 110,665 total - Disposition to Issuer
Common stock
2016-02-29−92,885→ 0 total - Exercise/Conversion
Restricted stock units
2016-02-29−63,279→ 0 totalExercise: $0.00From: 2016-02-29Exp: 2016-02-29→ Common stock (63,279 underlying) - Disposition to Issuer
Options to buy common stock
2016-02-29−100,000→ 0 totalExercise: $7.61From: 2015-12-23Exp: 2024-12-23→ Common stock (100,000 underlying)
Footnotes (10)
- [F1]Pursuant to the terms of the Agreement and Plan of Merger, dated November 1, 2015, by and among Furmanite Corporation, Team, Inc. and TFA, Inc. (the "Merger Agreement"), upon consummation of the merger as contemplated by the Merger Agreement, each share of Furmanite Corporation common stock was converted into the right to receive 0.215 shares of Team, Inc. common stock, with cash paid for any fractional shares. Additionally, at such time, all restricted shares became vested in full and free of restrictions.
- [F10]Original vesting schedule was 1/4 annually beginning December 23, 2015. However, all options became fully vested and exercisable upon the consummation of the merger with Team, Inc. on February 29, 2016.
- [F2]Conversion price is 1-for-1.
- [F3]The restricted stock units vested in full upon consummation of the merger with Team, Inc. pursuant to the provisions of a change-in-control agreement between the Reporting Person and Furmanite Corporation.
- [F4]Performance-based stock units not previously reported on Form 4, that, upon the consummation of the merger with Team, Inc., became fully vested and the performance conditions were deemed to have been met at the maximum level.
- [F5]Original vesting schedule was 1/5 annually beginning March 24, 2011. However, all options became fully vested and exercisable upon the consummation of the merger with Team, Inc. on February 29, 2016.
- [F6]Original vesting schedule was 1/3 annually beginning May 9, 2014. However, all options became fully vested and exercisable upon the consummation of the merger with Team, Inc. on February 29, 2016.
- [F7]Original vesting schedule was 1/3 annually beginning May 13, 2015. However, all options became fully vested and exercisable upon the consummation of the merger with Team, Inc. on February 29, 2016.
- [F8]Upon consummation of the merger as contemplated by the Merger Agreement, each option to buy shares of Furmanite Corporation common stock was converted into 0.215 options to buy shares of Team, Inc. common stock, rounded down to the nearest whole option. The exercise price was converted by dividing the stated exercise price of the Furmanite Corporation option by 0.215, rounded up to the nearest whole cent.
- [F9]Original vesting schedule was 1/5 annually beginning March 7, 2012. However, all options became fully vested and exercisable upon the consummation of the merger with Team, Inc. on February 29, 2016.
Documents
Issuer
FURMANITE CORP
CIK 0000054441
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000054441
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 11:41 AM ET
- Size
- 25.9 KB