PETSMART INC 4
4 · PETSMART INC · Filed Mar 13, 2015
Insider Transaction Report
Form 4
PETSMART INCPETM
Wallace Helen Elizabeth
VP Chief Accounting Officer
Transactions
- Award
Common Stock
2015-03-11+650→ 650 total - Disposition to Issuer
Common Stock
2015-03-11−650→ 0 total - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2015-03-11−1,730→ 0 totalExercise: $67.63Exp: 2021-10-05→ Common Stock (1,730 underlying)
Footnotes (4)
- [F1]Performance share units granted pursuant to the PetSmart 2011 Equity Incentive Plan on October 6, 2014. The performance period is three years with vesting after the completion of the performance period. This grant can be earned at 0% to 200%.
- [F2]Includes performance share units granted under the 2011 Equity Incentive Plan, which would have vested on October 6, 2017. Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of December 14, 2014, by and among Argos Holdings Inc., Argos Merger Sub Inc. and PetSmart, Inc., these performance share units were converted into the right to receive a cash payment of $83.00 per unit with a performance modifier of 150%.
- [F3]Options granted pursuant to PetSmart, Inc. 2011 Equity Incentive Plan as amended. The option vests 25% per year for four years commencing one year after the vesting commencement date.
- [F4]This stock option was fully vested and cancelled pursuant to the Merger Agreement in exchange for a cash payment equal to the product of (i) $83.00 less the exercise price per share of the option multiplied by (ii) the total number of shares underlying the option.