CHECKPOINT SYSTEMS INC 4
4 · CHECKPOINT SYSTEMS INC · Filed May 13, 2016
Insider Transaction Report
Form 4
Maurer Dan
Director
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2016-05-13−10,000→ 0 totalExercise: $5.97Exp: 2026-01-06→ Common Stock (10,000 underlying)
Footnotes (1)
- [F1]Pursuant to the procedures set forth in the Merger Agreement, each option vested in full at the Effective Time and was cancelled in exchange for a cash payment equal to the number of shares subject to the option immediately prior to the merger, into the right to receive an amount in cash, without interest, equal to the product of (x) the aggregate number of shares of the Issuer's common stock subject to such option, multiplied by (y) the excess, if any, of the Merger Consideration over the per share exercise price under such option, subject to all applicable withholding taxes. If the amount that could have been obtained upon the exercise of the option pursuant to the foregoing is equal to or less than zero, then the option will be terminated without payment.