4//SEC Filing
PLANAR SYSTEMS INC 4
Accession 0000899243-15-009087
CIK 0000722392operating
Filed
Nov 30, 7:00 PM ET
Accepted
Dec 1, 6:16 PM ET
Size
9.9 KB
Accession
0000899243-15-009087
Insider Transaction Report
Form 4
Perkel Gerald K
DirectorPresident &CEO
Transactions
- Disposition to Issuer
Restricted Stock Units
2015-11-27−412,898→ 0 total→ Common Stock (412,898 underlying) - Award
Restricted Stock Units
2015-11-27+412,898→ 412,898 total→ Common Stock (412,898 underlying) - Disposition to Issuer
Common Stock
2015-11-27$6.58/sh−1,044,844$6,875,074→ 0 total
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.
Documents
Issuer
PLANAR SYSTEMS INC
CIK 0000722392
Entity typeoperating
IncorporatedOR
Related Parties
1- filerCIK 0000722392
Filing Metadata
- Form type
- 4
- Filed
- Nov 30, 7:00 PM ET
- Accepted
- Dec 1, 6:16 PM ET
- Size
- 9.9 KB