BAHR RANDALL D 4
4 · HARDINGE INC · Filed May 30, 2018
Insider Transaction Report
Form 4
HARDINGE INCHDNG
BAHR RANDALL D
Sr. Vice President, Corp. Dev.
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2018-05-25$6.46/sh−37,500$242,250→ 0 totalExercise: $12.04Exp: 2027-06-05→ Common Stock (37,500 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2018-05-25$6.46/sh−37,500$242,250→ 0 totalExercise: $12.04Exp: 2027-06-05→ Common Stock (37,500 underlying)
Footnotes (2)
- [F1]On June 6, 2017, the reporting person was granted an option to purchase 37,500 shares of Hardinge Inc. common stock, which option was to vest in two (2) equal annual installments beginning June 6, 2019. On May 25, 2018, the option was exchanged for an equity interest in Hardinge Holdings, LLC in a tax-free transaction carried out pursuant to a certain Agreement and Plan of Merger, dated as of February 12, 2018, by and among Hardinge Holdings, LLC, Hardinge Merger Sub, Inc., and Hardinge Inc. (hereinafter referred to as the "Merger Agreement"). The amount reported in Column 8 represents the value assigned to the option for purposes of completing the tax-free exchange and is equal to the difference between the market value of the underlying Hardinge Inc. common stock as of the transaction date ($18.50 per share) and the exercise price of the option.
- [F2]On June 6, 2017, the reporting person was granted an option to purchase 37,500 shares of Hardinge Inc. common stock, which option was to vest upon the completion of certain milestones associated with the economic performance of the issuer over a three year period beginning on the grant date. On May 25, 2018, the option was exchanged for an equity interest in Hardinge Holdings, LLC in a tax-free transaction carried out pursuant to the Merger Agreement. The amount reported in Column 8 represents the value assigned to the option for purposes of completing the tax-free exchange and is equal to the difference between the market value of the underlying Hardinge Inc. common stock as of the transaction date ($18.50 per share) and the exercise price of the option.