4//SEC Filing
VALSPAR CORP 4
Accession 0000899243-17-015328
CIK 0000102741operating
Filed
Jun 4, 8:00 PM ET
Accepted
Jun 5, 4:39 PM ET
Size
37.7 KB
Accession
0000899243-17-015328
Insider Transaction Report
Form 4
VALSPAR CORPVAL
ENGH ROLF
Executive VP
Transactions
- Gift
Common Stock
2017-04-26−25,000→ 476,783 total - Gift
Common Stock
2017-04-28−29,449→ 422,334 total - Award
Common Stock
2017-06-01+9,422→ 431,756 total - Disposition to Issuer
Stock Options (right to buy)
2017-06-01−23,500→ 0 totalExercise: $31.57Exp: 2020-10-13→ Common Stock (38,000 underlying) - Disposition to Issuer
Stock Options (right to buy)
2017-06-01−18,550→ 0 totalExercise: $71.88Exp: 2025-09-30→ Common Stock (18,550 underlying) - Disposition to Issuer
Stock Options (right to buy)
2017-06-01−21,780→ 0 totalExercise: $57.47Exp: 2022-10-03→ Common Stock (21,780 underlying) - Disposition to Issuer
Stock Options (right to buy)
2017-06-01−61,000→ 0 totalExercise: $26.37Exp: 2019-10-21→ Common Stock (61,000 underlying) - Disposition to Issuer
Stock Options (right to buy)
2017-06-01−14,500→ 0 totalExercise: $32.34Exp: 2021-10-05→ Common Stock (43,500 underlying) - Disposition to Issuer
Stock Options (right to buy)
2017-06-01−10,400→ 0 totalExercise: $76.85Exp: 2024-10-01→ Common Stock (10,400 underlying) - Disposition to Issuer
Stock Options (right to buy)
2017-06-01−15,650→ 0 totalExercise: $64.78Exp: 2023-10-02→ Common Stock (15,650 underlying) - Disposition to Issuer
Restricted Stock Units
2017-06-01−7,030→ 0 totalExercise: $0.00→ Common Stock (7,030 underlying) - Disposition to Issuer
Restricted Stock Units
2017-06-01−7,673→ 0 totalExercise: $0.00→ Common Stock (7,673 underlying) - Gift
Common Stock
2017-04-27−25,000→ 451,783 total - Gift
Common Stock
2016-12-19−14,500→ 501,783 total - Disposition to Issuer
Common Stock
2017-06-01$113.00/sh−431,756$48,788,428→ 0 total - Disposition to Issuer
Common Stock
2017-06-01$113.00/sh−57,640$6,513,320→ 0 total(indirect: Savings and Retirement Plan) - Disposition to Issuer
Stock Options (right to buy)
2017-06-01−51,500→ 0 totalExercise: $25.48Exp: 2017-10-17→ Common Stock (51,500 underlying)
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 826 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 October 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
- 37.7 KB