Schlarbaum Jeffrey T 4
4 · IEC ELECTRONICS CORP · Filed Oct 5, 2021
Insider Transaction Report
Form 4
Schlarbaum Jeffrey T
Exec VP and Pres of IEC Manuf
Transactions
- Disposition from Tender
Common Stock
2021-10-05−92,996→ 0 total - Disposition to Issuer
Restricted Stock Unit
2021-10-05−8,966→ 0 totalExercise: $0.00→ Common Stock (8,966 underlying) - Disposition to Issuer
Performance Restricted Stock Unit
2021-10-05−53,793→ 0 totalExercise: $0.00→ Common Stock (53,793 underlying) - Disposition to Issuer
Restricted Stock Unit
2021-10-05−5,424→ 0 totalExercise: $0.00→ Common Stock (5,424 underlying) - Disposition to Issuer
Performance Restricted Stock Unit
2021-10-05−21,694→ 0 totalExercise: $0.00→ Common Stock (21,694 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2021-10-05$11.25/sh−416,145$4,681,631→ 0 totalExercise: $4.10→ Common Stock (416,145 underlying) - Disposition to Issuer
Restricted Stock Unit
2021-10-05−7,191→ 0 totalExercise: $0.00→ Common Stock (7,191 underlying) - Disposition to Issuer
Performance Restricted Stock Unit
2021-10-05−35,953→ 0 totalExercise: $0.00→ Common Stock (35,953 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.