PLANAR SYSTEMS INC 4
4 · PLANAR SYSTEMS INC · Filed Dec 1, 2015
Insider Transaction Report
Form 4
Gray Ryan W
Chief Financial Officer
Transactions
- Award
Restricted Stock Units
2015-11-27+114,096→ 114,096 total→ Common Stock (114,096 underlying) - Disposition to Issuer
Common Stock
2015-11-27$6.58/sh−189,823$1,249,035→ 0 total - Disposition to Issuer
Restricted Stock Units
2015-11-27−114,096→ 0 total→ Common Stock (114,096 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger ("Merger Agreement"), dated as of August 12, 2015, by and among the issuer, Leyard American Corporation ("Leyard"), Leopard Acquisition Corporation, a wholly-owned subsidiary of Leyard, and Leyard Optoelectronic Co., Ltd., pursuant to which the outstanding shares of the issuer's common stock were converted into the right to receive $6.58 per share in cash, without interest.
- [F2]Represents performance-based restricted stock units ("RSUs") that, pursuant to the Merger Agreement, became fully vested and for which the performance-based vesting conditions were eliminated as of November 27, 2015, the effective date of the merger. Each RSU represents the contingent right to receive one share of the issuer's common stock.
- [F3]Pursuant to the Merger Agreement, the RSUs were cancelled in exchange for the right to receive the merger consideration of $6.58 per share, without interest.