PRECISION CASTPARTS CORP 4
4 · PRECISION CASTPARTS CORP · Filed Feb 1, 2016
Insider Transaction Report
Form 4
Masterman Andrew
EVP, Pres. Airframe Products
Transactions
- Disposition to Issuer
Common Stock
2016-01-29$235.00/sh−327.848$77,044→ 0 total - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2016-01-29$63.74/sh−10,000$637,400→ 0 totalExercise: $171.26Exp: 2022-04-23→ Common Stock (10,000 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2016-01-29$8.95/sh−75,000$671,250→ 0 totalExercise: $226.05Exp: 2024-11-12→ Common Stock (75,000 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2016-01-29$61.70/sh−40,000$2,468,000→ 0 totalExercise: $173.30Exp: 2022-11-14→ Common Stock (40,000 underlying) - Disposition to Issuer
Phantom Stock
2016-01-29$235.00/sh−1,968.687$462,641→ 0 total→ Common Stock (1,968.687 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2016-01-29−40,000→ 0 totalExercise: $248.20Exp: 2023-11-13→ Common Stock (40,000 underlying)
Footnotes (6)
- [F1]This option, which vests in four equal annual installments beginning on 11/12/2015, was canceled in the merger of the issuer and a subsidiary of Berkshire Hathaway Inc. (the "Merger") in exchange for the cash payment per share indicated in column 8, which represents the difference between the exercise price of the option and the Merger consideration of $235 per share.
- [F2]This option, which vests in four equal annual installments beginning on 11/13/2014, was canceled in the Merger in exchange for no consideration because the exercise price of the option exceeded the Merger consideration of $235 per share.
- [F3]This option, which vests in four equal annual installments beginning on 11/14/2013, was canceled in the Merger in exchange for the cash payment per share indicated in column 8, which represents the difference between the exercise price of the option and the Merger consideration of $235 per share.
- [F4]This option, which vests in four equal annual installments beginning on 4/23/2013, was canceled in the Merger in exchange for the cash payment per share indicated in column 8, which represents the difference between the exercise price of the option and the Merger consideration of $235 per share.
- [F5]Each Phantom Stock Unit was convertible into one share of PCC common stock.
- [F6]Phantom Stock Units were to be settled in shares of PCC common stock following the reporting person's termination of employment with PCC, but each Phantom Stock Unit is being settled in connection with the Merger for an amount equal to the Merger consideration of $235 per share.