Barbato Thomas L 4
4 · IEC ELECTRONICS CORP · Filed Oct 5, 2021
Insider Transaction Report
Form 4
Barbato Thomas L
Chief Financial Officer
Transactions
- Disposition to Issuer
Restricted Stock Unit
2021-10-05−3,637→ 0 totalExercise: $0.00→ Common Stock (3,637 underlying) - Disposition to Issuer
Restricted Stock Unit
2021-10-05−2,921→ 0 totalExercise: $0.00→ Common Stock (2,921 underlying) - Disposition to Issuer
Restricted Stock Unit
2021-10-05−2,203→ 0 totalExercise: $0.00→ Common Stock (2,203 underlying) - Disposition to Issuer
Peformance Restricted Stock Unit
2021-10-05−8,812→ 0 totalExercise: $0.00→ Common Stock (8,812 underlying) - Disposition from Tender
Common Stock
2021-10-05−7,500→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2021-10-05$9.92/sh−100,000$992,000→ 0 totalExercise: $5.43→ Common Stock (100,000 underlying) - Disposition to Issuer
Peformance Restricted Stock Unit
2021-10-05−21,819→ 0 totalExercise: $0.00→ Common Stock (21,819 underlying) - Disposition to Issuer
Peformance Restricted Stock Unit
2021-10-05−14,603→ 0 totalExercise: $0.00→ Common Stock (14,603 underlying)
Footnotes (4)
- [F1]Disposed of pursuant to the closing, on October 5, 2021, of a cash tender offer by Creation Technologies International Inc. ("Parent"), and its wholly-owned subsidiary, CTI Acquisition Corp. ("Merger Sub"), pursuant to which each outstanding share of the common stock of the Issuer was converted into the right to receive $15.35 per share, less any required withholding taxes.
- [F2]Upon consummation of the tender offer, each option was cancelled and converted into the right to receive the difference between $15.35 and the exercise price per share of the option, less any required withholding taxes.
- [F3]Upon consummation of the tender offer, each restricted stock unit fully vested and was cancelled and converted automatically into the right to receive $15.35 per share underlying the restricted stock unit, less any required withholding taxes.
- [F4]Performance Restricted Stock Units ("PSUs") that vested in connection with the tender offer were cancelled and converted into the right to receive $15.35 per share underlying the PSU, less any required withholding taxes.