4//SEC Filing
EMC CORP 4
Accession 0000790070-16-000294
CIK 0000790070operating
Filed
Sep 7, 8:00 PM ET
Accepted
Sep 8, 5:09 PM ET
Size
11.0 KB
Accession
0000790070-16-000294
Insider Transaction Report
Form 4
EMC CORPEMC
DiStasio James S
Director
Transactions
- Exercise/Conversion
Common Stock
2016-09-06$19.63/sh+10,000$196,300→ 65,800 total - Disposition to Issuer
Common Stock
2016-09-07−58,976→ 0 total - Tax Payment
Common Stock
2016-09-06$28.77/sh−6,824$196,326→ 58,976 total - Exercise/Conversion
Stock Option Right To Buy
2016-09-06−10,000→ 0 totalExercise: $19.63From: 2011-04-29Exp: 2020-04-29→ Common Stock (10,000 underlying)
Footnotes (4)
- [F1]In connection with the merger (the "Merger") of Universal Acquisition Co. with and into EMC Corporation on September 7, 2016, these shares were acquired pursuant to the automatic net exercise of stock options occurring immediately prior to 11:59 p.m., New York City time on September 6, 2016 (the "Vesting Effective Time").
- [F2]Consists of shares withheld by EMC to satisfy the applicable exercise price upon exercise of options and associated tax withholding obligations related to the automatic net exercise of options immediately prior to the Vesting Effective Time described in footnote 1 above.
- [F3]In connection with the Merger, at the effective time of the Merger, each outstanding share of EMC Corporation common stock beneficially owned by the reporting person was automatically canceled and converted into the right to receive (i) $24.05 in cash and (ii) 0.11146 of a share of Class V Common Stock of Dell Technologies Inc. (f/k/a Denali Holding Inc.).
- [F4]In connection with the merger (the "Merger") of Universal Acquisition Co. with and into EMC Corporation on September 7, 2016, these stock options were automatically net exercised immediately prior to 11:59 p.m., New York City time on September 6, 2016 (the "Vesting Effective Time").
Documents
Issuer
EMC CORP
CIK 0000790070
Entity typeoperating
IncorporatedMA
Related Parties
1- filerCIK 0000790070
Filing Metadata
- Form type
- 4
- Filed
- Sep 7, 8:00 PM ET
- Accepted
- Sep 8, 5:09 PM ET
- Size
- 11.0 KB