4//SEC Filing
VALSPAR CORP 4
Accession 0000899243-17-015326
CIK 0000102741operating
Filed
Jun 4, 8:00 PM ET
Accepted
Jun 5, 4:39 PM ET
Size
25.0 KB
Accession
0000899243-17-015326
Insider Transaction Report
Form 4
VALSPAR CORPVAL
Muehlbauer James L
EVP and CFO
Transactions
- Disposition to Issuer
Stock Options (right to buy)
2017-06-01−24,947→ 0 totalExercise: $62.95Exp: 2023-03-11→ Common Stock (24,947 underlying) - Disposition to Issuer
Stock Options (right to buy)
2017-06-01−20,850→ 0 totalExercise: $76.85Exp: 2024-10-01→ Common Stock (20,850 underlying) - Disposition to Issuer
Restricted Stock Units
2017-06-01−13,932→ 0 totalExercise: $0.00→ Common Stock (13,932 underlying) - Disposition to Issuer
Common Stock
2017-06-01$113.00/sh−37,637$4,252,981→ 0 total - Disposition to Issuer
Stock Options (right to buy)
2017-06-01−74,113→ 0 totalExercise: $62.95Exp: 2023-03-11→ Common Stock (74,113 underlying) - Disposition to Issuer
Stock Options (right to buy)
2017-06-01−35,910→ 0 totalExercise: $71.88Exp: 2025-09-30→ Common Stock (35,910 underlying) - Disposition to Issuer
Stock Options (right to buy)
2017-06-01−31,390→ 0 totalExercise: $64.78Exp: 2023-10-02→ Common Stock (31,390 underlying) - Disposition to Issuer
Restricted Stock Units
2017-06-01−14,850→ 0 totalExercise: $0.00→ Common Stock (14,850 underlying) - Disposition to Issuer
Common Stock
2017-06-01$113.00/sh−305$34,465→ 0 total(indirect: Savings and Retirement Plan) - Award
Common Stock
2017-06-01+18,551→ 37,637 total
Footnotes (6)
- [F1]Vesting of PSUs upon effectiveness of the merger contemplated by that certain Agreement and Plan of Merger (the "Merger Agreement") by and between The Valspar Corporation, The Sherwin-Williams Company ("Sherwin-Williams") and Viking Merger Sub Inc., a wholly owned subsidiary of Sherwin-Williams.
- [F2]Includes 70 shares vested in the Valspar Savings and Retirement Plan from 10/29/2016 through 6/1/2017.
- [F3]Pursuant to the Merger Agreement, each outstanding option was canceled in exchange for a cash payment equal to the product of (i) the number of shares subject to such option and (ii) the excess of $113.00 over the exercise price of the option.
- [F4]All of such options are fully vested, except the options at an exercise price of $76.85, which vest in equal annual installments on Octover 1, 2015, 2016 and 2017 and the options at an exercise price of $71.88, which vest in equal annual installments on September 30, 2016, 2017 and 2018.
- [F5]RSUs were to be paid out upon vesting. Pursuant to the Merger Agreement, each outstanding RSU was canceled in exchange for a cash payment equal to the product of (i) the number of shares subject to such RSU and (ii) $113.00. Vesting dates range from January 8, 2018 to January 14, 2019.
- [F6]Restricted stock unit award granted on 9/27/2016, which is after the date of the Merger Agreement. RSUs were to be paid out upon vesting on 9/27/2019. This award will be converted into an equivalent award relating to shares of Sherwin-Williams common stock on the terms set forth in the Merger Agreement.
Documents
Issuer
VALSPAR CORP
CIK 0000102741
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000102741
Filing Metadata
- Form type
- 4
- Filed
- Jun 4, 8:00 PM ET
- Accepted
- Jun 5, 4:39 PM ET
- Size
- 25.0 KB