Burkhart Richard R. 4
4 · HARDINGE INC · Filed May 30, 2018
Insider Transaction Report
Form 4
HARDINGE INCHDNG
Burkhart Richard R.
Director
Transactions
- Disposition to Issuer
Common Stock
2018-05-25$18.50/sh−19,875$367,688→ 0 total - Exercise/Conversion
Common Stock
2018-05-25+2,660→ 19,875 total - Exercise/Conversion
Stock Unit
2018-05-25−2,660→ 0 total→ Common Stock (2,660 underlying)
Footnotes (2)
- [F1]Each stock unit is the economic equivalent of one (1) share of Hardinge Inc. common stock. Stock units become payable in common stock upon the reporting person's separation from service as a director. Each stock unit held by the reporting person was converted to one (1) share of Hardinge Inc. common stock 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").
- [F2]Shares disposed of for cash consideration pursuant to the Merger Agreement.