4//SEC Filing
STARK LEAH 4
Accession 0000886035-18-000058
CIK 0000886035other
Filed
Jun 5, 8:00 PM ET
Accepted
Jun 6, 1:07 PM ET
Size
16.9 KB
Accession
0000886035-18-000058
Insider Transaction Report
Form 4
STARK LEAH
Chief Human Resources Officer
Transactions
- Disposition to Issuer
Common Stock
2018-06-06$30.00/sh−22,830$684,900→ 0 total - Disposition to Issuer
Performance Stock Unit
2018-06-06$30.00/sh−22,766$682,980→ 0 totalExercise: $0.00→ Common Stock (22,766 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2018-06-06$13.20/sh−12,257$161,792→ 0 totalExercise: $16.80Exp: 2027-02-10→ Common Stock (12,257 underlying) - Disposition to Issuer
Performance Stock Unit
2018-06-06$30.00/sh−14,998$449,940→ 0 totalExercise: $0.00→ Common Stock (14,998 underlying)
Footnotes (4)
- [F1]Includes 88 shares acquired through employee stock purchase plan since last Form 4 filing. Pursuant to the merger agreement by Prysmian, Alisea Corp. and General Cable dated December 3, 2017: (i) 10,421 shares of common stock were cancelled and converted into the right to receive $30 per share in cash (without interest) and (ii) 12,409 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. Each Converted RSU is subject to the same terms and conditions that were applicable to such RSU immediately prior to the merger, provided that the Converted RSU will vest on the earlier of (A) the original 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 employment termination).
- [F2]This performance stock unit ("PSU") was granted on July 15, 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.
- [F3]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 (assuming 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.
- [F4]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.
Issuer
GENERAL CABLE CORP /DE/
CIK 0000886035
Entity typeother
Related Parties
1- filerCIK 0001679575
Filing Metadata
- Form type
- 4
- Filed
- Jun 5, 8:00 PM ET
- Accepted
- Jun 6, 1:07 PM ET
- Size
- 16.9 KB