PMFG, Inc. 4
4 · PMFG, Inc. · Filed Sep 3, 2015
Insider Transaction Report
Form 4
PMFG, Inc.PMFG
Conroy John H.
VP - Eng. & Prod. Development
Transactions
- Disposition to Issuer
Restricted Stock Unit
2015-09-03−17,266→ 0 total→ Common Stock (17,266 underlying) - Disposition to Issuer
Common Stock
2015-09-03−26,468→ 0 total
Footnotes (2)
- [F1]The shares were cancelled upon completion of PMFG, Inc.'s merger (the "Merger") with and into a wholly-owned subsidiary of CECO Environmental Corp. ("CECO"). Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of May 3, 2015, among PMFG, Inc. (the "Company"), CECO, Top Gear Acquisition Inc., and Top Gear Acquisition II LLC, each issued and outstanding share of Company common stock was cancelled and converted into the right to receive either (a) 0.6456 shares of CECO common stock, plus cash (without interest) in lieu of any fraction share of CECO common stock that would otherwise be issued or (b) $6.85 in cash, without interest, for each share of Company common stock, depending on the consideration election made by the reporting person and subject to cash/stock elections and the proration procedures set forth in the Merger Agreement.
- [F2]Pursuant to the Merger Agreement, upon completion of the Merger, each outstanding restricted stock unit became fully vested and automatically cancelled and converted into the right to receive $6.85, without interest, per share of Company common stock subject to such restricted stock unit.