4//SEC Filing
MALONE DOUGLAS J 4
Accession 0000313716-18-000054
CIK 0000313716other
Filed
May 29, 8:00 PM ET
Accepted
May 30, 4:37 PM ET
Size
12.2 KB
Accession
0000313716-18-000054
Insider Transaction Report
Form 4
HARDINGE INCHDNG
MALONE DOUGLAS J
Corporate Controller
Transactions
- Disposition to Issuer
Common Stock
2018-05-25$18.50/sh−18,771$347,264→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2018-05-25$6.40/sh−15,000$96,000→ 0 totalExercise: $12.10Exp: 2027-07-30→ Common Stock (15,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2018-05-25$6.40/sh−15,000$96,000→ 0 totalExercise: $12.10Exp: 2027-07-30→ Common Stock (15,000 underlying) - Award
Common Stock
2018-05-25+6,350→ 18,771 total
Footnotes (4)
- [F1]Shares reported as acquired are performance shares which were to vest upon the completion of certain milestones associated with the economic performance of the issuer. On May 25, 2018, the reporting person became the beneficial owner of the shares upon their vesting 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.
- [F3]On July 31, 2017, the reporting person was granted an option to purchase 15,000 shares of Hardinge Inc. common stock, which option was to vest in two (2) equal annual installments beginning July 31, 2019. On May 25, 2018, the option was cancelled pursuant to the Merger Agreement, whereupon the reporting person received a cash payment of $96,000, representing the difference between the market value of the underlying Hardinge Inc. common stock as of said date ($18.50 per share) and the exercise price of the option.
- [F4]On July 31, 2017, the reporting person was granted an option to purchase 15,000 shares of Hardinge Inc. common stock, which option was to vest upon 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 cancelled pursuant to the Merger Agreement, whereupon the reporting person received a cash payment of $96,000, representing the difference between the market value of the underlying Hardinge Inc. common stock as of said date ($18.50 per share) and the exercise price of the option.
Documents
Issuer
HARDINGE INC
CIK 0000313716
Entity typeother
Related Parties
1- filerCIK 0001520078
Filing Metadata
- Form type
- 4
- Filed
- May 29, 8:00 PM ET
- Accepted
- May 30, 4:37 PM ET
- Size
- 12.2 KB