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Home/Filings/4/0000899243-17-015346
4//SEC Filing

VALSPAR CORP 4

Accession 0000899243-17-015346

CIK 0000102741operating
View on SEC.govCompany Profile

Filed

Jun 4, 8:00 PM ET

Accepted

Jun 5, 4:44 PM ET

Size

46.7 KB

Accession

0000899243-17-015346

Insider Transaction Report

Form 4
Period: 2017-06-01
VALSPAR CORPVAL
Hendrickson Gary E
President and COO
Transactions
  • Gift

    Common Stock

    2017-03-30−9,456→ 0 total(indirect: By Trust)
  • Gift

    Common Stock

    2017-03-30+33,042→ 104,966 total
  • Disposition to Issuer

    Stock Options (right to buy)

    2017-06-01−25,000→ 0 total
    Exercise: $22.68Exp: 2018-02-27→ Common Stock (25,000 underlying)
  • Disposition to Issuer

    Stock Options (right to buy)

    2017-06-01−151,000→ 0 total
    Exercise: $26.37Exp: 2019-10-21→ Common Stock (151,000 underlying)
  • Disposition to Issuer

    Stock Options (right to buy)

    2017-06-01−82,670→ 0 total
    Exercise: $76.85Exp: 2024-10-01→ Common Stock (82,670 underlying)
  • Gift

    Common Stock

    2017-03-30−1,642→ 15,001 total(indirect: By Trust)
  • Gift

    Common Stock

    2017-03-30−35,739→ 0 total(indirect: By Trust)
  • Disposition to Issuer

    Common Stock

    2017-06-01$113.00/sh−201,884$22,812,892→ 0 total
  • Disposition to Issuer

    Common Stock

    2017-06-01$113.00/sh−12,420$1,403,460→ 0 total(indirect: Savings and Retirement and Plan)
  • Disposition to Issuer

    Stock Options (right to buy)

    2017-06-01−101,000→ 0 total
    Exercise: $18.01Exp: 2018-10-15→ Common Stock (101,000 underlying)
  • Disposition to Issuer

    Stock Options (right to buy)

    2017-06-01−101,730→ 0 total
    Exercise: $64.78Exp: 2023-10-02→ Common Stock (101,730 underlying)
  • Disposition to Issuer

    Restricted Stock Units

    2017-06-01−165,484→ 0 total
    Exercise: $0.00→ Common Stock (165,484 underlying)
  • Disposition to Issuer

    Restricted Stock Units

    2017-06-01−58,163→ 0 total
    Exercise: $0.00→ Common Stock (58,163 underlying)
  • Gift

    Common Stock

    2017-04-26−23,773→ 51,012 total(indirect: By Trust)
  • Gift

    Common Stock

    2017-04-26+23,773→ 128,739 total
  • Disposition to Issuer

    Common Stock

    2017-06-01$113.00/sh−15,001$1,695,113→ 0 total(indirect: By Trust)
  • Disposition to Issuer

    Stock Options (right to buy)

    2017-06-01−121,610→ 0 total
    Exercise: $57.47Exp: 2022-10-03→ Common Stock (121,610 underlying)
  • Award

    Common Stock

    2017-06-01+73,105→ 201,884 total
  • Disposition to Issuer

    Common Stock

    2017-06-01$113.00/sh−51,102$5,774,526→ 0 total(indirect: By Trust)
  • Disposition to Issuer

    Stock Options (right to buy)

    2017-06-01−94,500→ 0 total
    Exercise: $31.57Exp: 2020-10-13→ Common Stock (94,500 underlying)
  • Disposition to Issuer

    Stock Options (right to buy)

    2017-06-01−180,500→ 0 total
    Exercise: $32.34Exp: 2021-10-05→ Common Stock (180,500 underlying)
  • Disposition to Issuer

    Stock Options (right to buy)

    2017-06-01−140,630→ 0 total
    Exercise: $71.88Exp: 2025-09-30→ Common Stock (140,630 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 123 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

1 file

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, 4:44 PM ET
Size
46.7 KB
View on SEC.gov