4//SEC Filing
Jobin Luc 4
Accession 0000899243-17-018997
CIK 0001275283other
Filed
Jul 25, 8:00 PM ET
Accepted
Jul 26, 4:04 PM ET
Size
8.7 KB
Accession
0000899243-17-018997
Insider Transaction Report
Form 4
Jobin Luc
Director
Transactions
- Disposition to Issuer
Phantom Stock Units
2017-07-25−22,786.24→ 0 totalExercise: $0.00→ Common Stock (22,786.24 underlying) - Disposition to Issuer
Common Stock
2017-07-25−86,000→ 0 total
Footnotes (5)
- [F1]On January 16, 2017, Reynolds American Inc. ("RAI"), British American Tobacco p.l.c. ("BAT"), BATUS Holdings Inc., an indirect, wholly owned subsidiary of BAT, and Flight Acquisition Corporation, an indirect, wholly owned subsidiary of BAT ("Merger Sub"), entered into an Agreement and Plan of Merger (the "Merger Agreement"), as it and the plan of merger contained therein were amended as of June 8, 2017, pursuant to which, on July 25, 2017, Merger Sub merged with and into RAI, with RAI surviving as an indirect, wholly owned subsidiary of BAT.
- [F2](Continued from footnote 1) On July 25, 2017, each share of common stock, par value $0.0001 per share, of RAI ("RAI Common Stock") (other than shares owned by BAT and its subsidiaries and shares held by stockholders who have properly asserted (and not lost or effectively withdrawn) a demand for appraisal rights) was automatically converted into the right to receive the merger consideration, consisting of (a) $29.44 in cash and (b) 0.5260 of one American depositary share of BAT (a "BAT ADS") (representing one ordinary share, par value 25 pence per share, of BAT).
- [F3]One Phantom Stock Unit represents one share of RAI Common Stock.
- [F4]These Phantom Stock Units were awarded on a quarterly basis under the Equity Incentive Plan for Directors of RAI, accrued quarterly dividend equivalents in the form of additional Phantom Stock Units, and were generally payable in cash upon termination of the reporting person's service with RAI.
- [F5]Each of these Phantom Stock Units was disposed of pursuant to the transactions described in the Merger Agreement in exchange for the right to receive a cash payment equal to the sum of (a) $29.44 and (b) 0.5260 multiplied by the closing price ($69.25) of one BAT ADS on July 24, 2017 as reported on the New York Stock Exchange.
Documents
Issuer
REYNOLDS AMERICAN INC
CIK 0001275283
Entity typeother
Related Parties
1- filerCIK 0001439943
Filing Metadata
- Form type
- 4
- Filed
- Jul 25, 8:00 PM ET
- Accepted
- Jul 26, 4:04 PM ET
- Size
- 8.7 KB