4//SEC Filing
AEP INDUSTRIES INC 4
Accession 0000899243-17-001823
CIK 0000785787operating
Filed
Jan 23, 7:00 PM ET
Accepted
Jan 24, 1:58 PM ET
Size
10.8 KB
Accession
0000899243-17-001823
Insider Transaction Report
Form 4
Cron Robert W
EVP Sales and Marketing
Transactions
- Disposition to Issuer
Common Stock
2017-01-20−750→ 0 total(indirect: By Daughter) - Disposition to Issuer
Common Stock
2017-01-20−1,626→ 0 total - Award
Common Stock
2017-01-20+130→ 6,229 total - Disposition to Issuer
Common Stock
2017-01-20−4,603→ 1,626 total
Footnotes (3)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of August 24, 2016, as amended, by and among AEP Industries Inc., Berry Plastics Group, Inc. ("Berry") and certain subsidiaries of Berry (the "Merger Agreement"), at the effective time of the mergers on January 20, 2017, each recipient of performance units for fiscal 2017 earned 2/12ths of such performance unit grant.
- [F2]Pursuant to the Merger Agreement, at the effective time of the mergers, each share of AEP common stock issued and outstanding immediately prior to the effective time of the mergers was converted into the right to receive, at the stockholder's election and subject to proration as set forth in the Merger Agreement, $110.00 in cash or 2.5011 shares of Berry common stock.
- [F3]Pursuant to the Merger Agreement, at the effective time of the mergers, the vesting conditions or restrictions applicable to each outstanding performance unit lapsed (including the performance units acquired as described in footnote (1) above), and each performance unit was converted into the right to receive payment for such performance units in accordance with his or her election. Upon the vesting of performance units at the effective time of the mergers, the reporting person elected to receive a cash payment equal to the product of (A) the closing price of a share of AEP common stock on the Nasdaq Global Select Market on the last full trading day prior to the closing date and (B) the total number of shares of AEP common stock subject to such performance unit.
Documents
Issuer
AEP INDUSTRIES INC
CIK 0000785787
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000785787
Filing Metadata
- Form type
- 4
- Filed
- Jan 23, 7:00 PM ET
- Accepted
- Jan 24, 1:58 PM ET
- Size
- 10.8 KB