4//SEC Filing
Moser Emerson C 4
Accession 0000886035-18-000049
CIK 0000886035other
Filed
Jun 5, 8:00 PM ET
Accepted
Jun 6, 12:50 PM ET
Size
17.6 KB
Accession
0000886035-18-000049
Insider Transaction Report
Form 4
Moser Emerson C
SVP, General Counsel & Sec.
Transactions
- Disposition to Issuer
Performance Stock Unit
2018-06-06$30.00/sh−34,504$1,035,120→ 0 totalExercise: $0.00→ Common Stock (34,504 underlying) - Disposition to Issuer
Phantom Stock
2018-06-06$30.00/sh−3.646$109→ 0 total→ Common Stock (3.646 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2018-06-06$13.20/sh−13,274$175,217→ 0 totalExercise: $16.80Exp: 2027-02-10→ Common Stock (13,274 underlying) - Disposition to Issuer
Common Stock
2018-06-06$30.00/sh−71,534$2,146,020→ 0 total - Disposition to Issuer
Common Stock
2018-06-06$30.00/sh−2,157.3$64,719→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Performance Stock Unit
2018-06-06$30.00/sh−16,243$487,290→ 0 totalExercise: $0.00→ Common Stock (16,243 underlying)
Footnotes (6)
- [F1]Pursuant to the merger agreement by and among Prysmian S.p.A., Alisea Corp., and General Cable, dated as of December 3, 2017, ("Merger Agreement"): (i) 47,865 shares of common stock were cancelled and converted into the right to receive $30.00 per share in cash without interest, and (ii) 23,669 restricted stock units ("RSUs") were each cancelled and converted into an award (a "Converted RSU") representing the right to receive (without interest) an amount in cash equal to the number of shares of common stock subject to such RSU multiplied by $30.00. Each Converted RSU is subject to the same terms and conditions that were applicable to such RSU immediately prior to the effective time, provided that the Converted RSU will vest on the earlier of (A) the originally scheduled vesting date and (B) the date that is six months after the completion of the merger, subject to continued service through such time (or upon such officer's earlier qualifying termination of employment).
- [F2]Pursuant to the Merger Agreement, each share of common stock was converted into the right to receive $30.00 in cash without interest.
- [F3]This performance stock unit ("PSU") was granted on February 11, 2016 with a three-year performance period commencing as of January 1, 2016. Pursuant to the Merger Agreement, each outstanding PSU granted in 2016 was cancelled and converted into an award (a "2016 Converted PSU") representing the right to receive (without interest) an amount in cash equal to the number of shares of common stock subject to such PSU (based on actual performance) multiplied by $30.00. Each 2016 Converted PSU is subject to the same terms and conditions that were applicable to such PSU immediately prior to the effective time of the merger, provided that the performance-vesting conditions no longer apply.
- [F4]This PSU was granted on February 22, 2017 with a three-year performance period commencing as of January 1, 2017. Pursuant to the Merger Agreement, each outstanding PSU granted in 2017 was cancelled and converted into an award (a "2017 Converted PSU") representing the right to receive (without interest) an amount in cash equal to the number of shares of common stock subject to such PSU (based on target performance) multiplied by $30.00. Each 2017 Converted PSU is subject to the same terms and conditions that were applicable to such PSU immediately prior to the effective time of the merger, provided that the performance-vesting conditions no longer apply.
- [F5]This option, which was granted on February 10, 2017, provided for vesting in three equal annual installments beginning on February 18, 2018. Pursuant to the Merger Agreement, each outstanding stock option was cancelled and converted into the right to receive (without interest) an amount in cash equal to the excess of $30.00 over the exercise price per share of common stock subject to such stock option.
- [F6]Each share of phantom stock was the equivalent of one share of common stock. Pursuant to the Merger Agreement, each share of phantom stock was cancelled and converted into the right to receive $30.00 in cash without interest.
Documents
Issuer
GENERAL CABLE CORP /DE/
CIK 0000886035
Entity typeother
Related Parties
1- filerCIK 0001629800
Filing Metadata
- Form type
- 4
- Filed
- Jun 5, 8:00 PM ET
- Accepted
- Jun 6, 12:50 PM ET
- Size
- 17.6 KB