Longval Scott 4
4 · INTRICON CORP · Filed May 25, 2022
Insider Transaction Report
Form 4
Longval Scott
Chief Financial Officer
Transactions
- Disposition to Issuer
Option to Purchase
2022-05-24−12,000→ 0 totalExercise: $6.90Exp: 2027-01-02→ Common Stock (12,000 underlying) - Disposition to Issuer
Option to Purchase
2022-05-24−12,000→ 0 totalExercise: $7.05Exp: 2027-07-26→ Common Stock (12,000 underlying) - Disposition to Issuer
Common Stock
2022-05-24−117,222→ 20,619 total - Disposition to Issuer
Option to Purchase
2022-05-24−12,000→ 0 totalExercise: $6.87Exp: 2025-01-01→ Common Stock (12,000 underlying) - Gift
Common Stock
2022-05-24−2,000→ 115,450 total - Award
Common Stock
2022-05-24+22,391→ 137,841 total - Disposition to Issuer
Common Stock
2022-05-24−20,619→ 0 total - Disposition to Issuer
Option to Purchase
2022-05-24−12,000→ 0 totalExercise: $7.58Exp: 2026-01-03→ Common Stock (12,000 underlying)
Footnotes (4)
- [F1]Represents vesting of performance restricted stock units at the target level pursuant to the Merger Agreement (as defined below).
- [F2]Disposed of pursuant to an Agreement and Plan of Merger, dated as of February 27, 2022 (the "Merger Agreement") by and among the Issuer, IIN Holding Company Inc., a Delaware corporation ("Parent"), and IC Merger Sub Inc., a Pennsylvania corporation and a wholly-owned subsidiary of Parent ("Merger Sub"), pursuant to which Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly-owned subsidiary of Parent. Each share of common stock exchanged in the Merger will receive cash of $24.25 per share.
- [F3]Disposed of pursuant to a rollover agreement between the reporting person and IIN Holdings LLC, a Delaware limited liability company and the majority equity holder of Parent ("Holdings"), entered into in connection with the Merger Agreement, in exchange for equity interests of Holdings having an equivalent value as of the effective date of the Merger based on the consideration payable in the Merger of $24.25 per share.
- [F4]Pursuant to the Merger Agreement, each option to purchase common stock was canceled in exchange for a cash payment of $24.25 per share less the exercise per share price of the option. All options were fully vested at the time the Merger Agreement was signed.