HERNANDEZ WILLIAM H 4
4 · USG CORP · Filed Apr 24, 2019
Insider Transaction Report
Form 4
USG CORPUSG
HERNANDEZ WILLIAM H
Director
Transactions
- Disposition to Issuer
Deferred Stock Units
2019-04-24$43.50/sh−30,168.513$1,312,330→ 0 total→ Common Stock (30,168.513 underlying) - Disposition to Issuer
Common Stock
2019-04-24$43.50/sh−17,905$778,868→ 0 total
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of June 10, 2018, by and among USG Corporation (the "Company"), Gebr. Knauf KG and World Cup Acquisition Corporation, at the effective time of the merger, each share of the Company's common stock held by the reporting person was converted into the right to receive $43.50 in cash, without interest (the "closing consideration").
- [F2]Each deferred stock unit represented the right to receive the value of one share of common stock. The deferred stock units granted to the reporting person prior to August 30, 2017 became payable in cash or shares of common stock, at the reporting person's option, following termination of service as a director, and the remaining deferred stock units granted to the reporting person became payable in shares of common stock following termination of service as a director. Pursuant to the Merger Agreement, at the effective time of the merger, each deferred stock unit held by the reporting person was converted into the right to receive the closing consideration.