4//SEC Filing
Conte Mark 4
Accession 0000791519-17-000118
CIK 0000791519other
Filed
Sep 11, 8:00 PM ET
Accepted
Sep 12, 4:11 PM ET
Size
7.2 KB
Accession
0000791519-17-000118
Insider Transaction Report
Form 4
STAPLES INCSPLS
Conte Mark
SVP Corporate Controller
Transactions
- Disposition to Issuer
Common Stock
2017-09-12$10.25/sh−66,649$683,152→ 0 total - Disposition to Issuer
Common Stock
2017-09-12$10.25/sh−18,627$190,927→ 66,649 total
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger dated as of June 28, 2017 among issuer, Arch Parent Inc. and Arch Merger Sub Inc. (the "Merger Agreement"), pursuant to which Arch Merger Sub Inc. merged with and into the issuer (the "Merger") effective as of September 12, 2017.
- [F2]Pursuant to the Merger Agreement, all restricted stock units outstanding immediately prior to the effective time of the Merger were canceled and converted into the contingent right to receive an amount in cash equal to $10.25 per underlying share on the earlier of (i) the date on which the original vesting conditions applicable to the award (taking into account any accelerated vesting provisions to which the award is subject) are satisfied or (ii) 180 days following the closing date, subject, in each case, to the reporting person's continuous service to the issuer through the applicable vesting date; provided that, with respect to restricted stock units that were granted in July 2017, payments will be made on the earlier of (i) the date on which the original vesting conditions applicable to the award (taking into account any accelerated vesting provisions to which the award is subject) are satisfied and (ii) the date that is the last day of the tenth month following the closing date.
Documents
Issuer
STAPLES INC
CIK 0000791519
Entity typeother
Related Parties
1- filerCIK 0001650902
Filing Metadata
- Form type
- 4
- Filed
- Sep 11, 8:00 PM ET
- Accepted
- Sep 12, 4:11 PM ET
- Size
- 7.2 KB