RECOVERY ENGINEERING INC 4
4 · RECOVERY ENGINEERING INC · Filed Oct 12, 1999
Insider Transaction Report
Form 4
Transactions
- Exercise/Conversion
Common Stock
1999-09-17$25.82/sh+4,000$103,280→ 0 total(indirect: 01,02) - Exercise/Conversion
Common Stock
1999-09-17$24.01/sh+4,000$96,040→ 0 total(indirect: 01,02) - Exercise/Conversion
Common Stock
1999-09-17$11.26/sh+1,000$11,260→ 0 total(indirect: 01,03) - Conversion
Common Stock
1999-09-17$14.85/sh+1,010,101$15,000,000→ 0 total(indirect: 01,04) - Disposition from Tender
Common Stock
1999-09-29$35.25/sh−1,023,101$36,064,310→ 0 total - Exercise/Conversion
Stock Option
1999-09-17+4,000Exercise: $25.82→ Common Stock (4,000 underlying) - Exercise/Conversion
Stock Option
1999-09-17+4,000Exercise: $24.01→ Common Stock (4,000 underlying) - Exercise/Conversion
Stock Option
1999-09-17+4,000Exercise: $5.84→ Common Stock (4,000 underlying) - Exercise/Conversion
Stock Option
1999-09-17+1,000Exercise: $11.26→ Common Stock (1,000 underlying)
Footnotes (5)
- [01]The Reporting Person is a vice president of Goldman, Sachs & Co. ("Goldman Sachs"). Goldman Sachs is an indirect wholly owned subsidiary of The Goldman Sachs Group, Inc. ("GS Group"). The Reporting Person does not have a pecuniary interest in the Securities reported herein and, accordingly, disclaims beneficial ownership thereof.
- [02]These options were granted under the Recovery Engineering, Inc. 1993 Director Stock Option Plan to the Reporting Person in his capacity as a director of the Issuer. The Reporting Person has an agreement with GS Group pursuant to which he held the stock options for the benefit of GS Group.
- [03]These options were granted under the Recovery Engineering, Inc. 1993 Director Stock Option Plan to the Reporting Person in his capacity as a director of the Issuer. The reporting person has an agreement with GS Group pursuant to which he held the stock options for the benefit of GS Group.
- [04]Goldman Sachs and GS Group may be deemed to own beneficially and indirectly up to 1,010,101 shares of common stock of the Issuer ("Common Stock") by reason of the ownership by certain investment partnerships (collectively, the "Limited Partnerships") of $15,000,000 principal amount in 5% Convertible Notes due 2003 (the "Notes"), which were converted into 1,010,101 shares of Common Stock, in the aggregate. Affiliates of Goldman Sachs and GS Group are the general partner, managing partner or managing general partner of the Limited Partnerships.
- [05]The Reporting Person tendered the Common Stock to Tenzing, Inc. ("Tenzing"), a direct wholly owned subsidiary of The Procter & Gamble Company, pursuant to Tenzing's offer to purchase for cash all of the outstanding shares of Common Stock. 1,010,101 shares of Common Stock were tendered by the Limited Partnerships and 13,000 shares of Common Stock were tendered by directors of the Issuer on behalf of GS Group.