CHECKPOINT SYSTEMS INC 4
4 · CHECKPOINT SYSTEMS INC · Filed May 13, 2016
Insider Transaction Report
Form 4
WRIGLEY S JAMES
Global Pres, Global Cust Mgmt
Transactions
- Disposition to Issuer
Performance Rights
2016-05-13−10,150→ 0 total→ Common Stock (10,150 underlying) - Disposition to Issuer
Performance Rights
2016-05-13−20,000→ 0 total→ Common Stock (20,000 underlying) - Disposition to Issuer
Common Stock
2016-05-13−61,853→ 0 total
Footnotes (3)
- [F1]Pursuant to that certain Agreement and Plan of Merger dated March 1, 2016 (the "Merger Agreement") by and among the Issuer, CCL Industries Inc. ("CCL") and a wholly-owned subsidiary of CCL, the Issuer became an indirect wholly-owned subsidiary of CCL upon consummation of the merger (the "Effective Time"). The aggregate holdings of 61,853 shares of common stock were disposed at the Effective Time for the following merger consideration: (a) 23,607 shares of common stock. At the Effective Time, each such share of common stock was disposed of in exchange for $10.15 (or the "Merger Consideration") in cash. (b) 38,246 shares of unvested restricted stock units ("RSUs"). At the Effective Time, each RSU (whether vested or unvested) was canceled in exchange for a cash amount equal to the product of (x) $10.15 and (y) the number of shares covered by such RSU, subject to all applicable withholding taxes.
- [F2]Represents performance-based restricted stock units ("PSUs") previously reported on Form 4 filed on March 13, 2014. Pursuant to the provisions of the Merger Agreement, at the Effective Time, each outstanding PSU, was deemed earned at the target level and was cancelled in exchange for a cash amount equal to the product of (x) $10.15 and (y) the target number of shares of common stock subject to the applicable award of PSUs, subject to all applicable withholding taxes.
- [F3]Represents performance-based restricted stock units ("PSUs") previously reported on Form 4 filed on March 2, 2016. Pursuant to the provisions of the Merger Agreement, at the Effective Time, each outstanding PSU, was deemed earned at the target level and was cancelled in exchange for a cash amount equal to the product of (x) $10.15 and (y) the target number of shares of common stock subject to the applicable award of PSUs, subject to all applicable withholding taxes.