UTi WORLDWIDE INC 4
4 · UTi WORLDWIDE INC · Filed Jan 25, 2016
Insider Transaction Report
Form 4
Rodick Richard
See Remarks
Transactions
- Disposition to Issuer
Ordinary Shares
2016-01-22$7.10/sh−85,594$607,717→ 0 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2016-01-22−18,737→ 0 totalExercise: $14.05Exp: 2023-04-15→ Ordinary Shares (18,737 underlying)
Footnotes (2)
- [F1]Pursuant to the Merger Agreement, dated as October 9, 2015 (the "Merger Agreement"), by and among UTi Worldwide Inc. (the "Issuer"), DSV A/S ("Parent") and Louvre Acquisitionco, Inc. ("Merger Sub"), on January 22, 2016 (the "Effective Time"), Merger Sub merged with and into the Issuer (the "Merger"), and as a result these securities of the Issuer were automatically cancelled and converted into the right to receive $7.10 per share in cash (the "Merger Consideration").
- [F2]This option, which provided for vesting in three equal annual installments beginning April 15, 2014 and had an exercise price greater than the Merger Consideration, was automatically cancelled and converted into the right to receive a cash payment of $0.