Lutgen Annalee 4
4 · INTRICON CORP · Filed May 25, 2022
Insider Transaction Report
Form 4
Lutgen Annalee
Interim CFO
Transactions
- Disposition to Issuer
Common Stock
2022-05-24−9,702→ 0 total - Disposition to Issuer
Option to Purchase
2022-05-24−1,667→ 0 totalExercise: $6.90Exp: 2027-01-02→ Common Stock (1,667 underlying) - Disposition to Issuer
Option to Purchase
2022-05-24−600→ 0 totalExercise: $7.58Exp: 2026-01-03→ Common Stock (600 underlying) - Award
Common Stock
2022-05-24+2,271→ 9,702 total
Footnotes (3)
- [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]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.