HIGHBY DENNIS 4
4 · CABELAS INC · Filed Sep 25, 2017
Insider Transaction Report
Form 4
CABELAS INCCAB
HIGHBY DENNIS
DirectorPresident & CEO
Transactions
- Disposition to Issuer
Common Stock
2017-09-25$61.50/sh−14,927$918,011→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Stock Option (right to buy)
2017-09-25−5,000→ 0 totalExercise: $61.23From: 2015-06-05Exp: 2022-06-05→ Common Stock (5,000 underlying) - Disposition to Issuer
Common Stock
2017-09-25$61.50/sh−242,302$14,901,573→ 0 total(indirect: By LLC) - Disposition to Issuer
Common Stock
2017-09-25$61.50/sh−91,753$5,642,810→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2017-09-25−3,047→ 0 totalExercise: $51.35From: 2016-06-04Exp: 2023-06-04→ Common Stock (3,047 underlying) - Disposition to Issuer
Stock Option (right to buy)
2017-09-25−3,139→ 0 totalExercise: $50.45From: 2017-06-06Exp: 2024-06-06→ Common Stock (3,139 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to the terms of the Agreement and Plan of Merger, dated October 3, 2016, as amended by the Amendment to Agreement and Plan of Merger, dated April 17, 2017, and as otherwise amended from time to time (the "Merger Agreement"), by and among issuer, Bass Pro Group, LLC, and Prairie Merger Sub, Inc., in exchange for a cash payment of $61.50 per share.
- [F2]Includes 14,595 shares of common stock and 332 shares of common stock held in the issuer's stock fund. The number of shares allocated to the Reporting Person in the issuer's stock fund is equal to his September 18, 2017, account balance in the issuer's stock fund divided by the closing price of the issuer's common stock on September 18, 2017. The issuer's stock fund in its 401(k) Plan is unitized and as such does not itself allocate a specific number of shares to participants.
- [F3]Pursuant to the terms of the Merger Agreement, upon consummation of the transactions contemplated thereby, these stock options were automatically and cancelled and, in exchange therefor, the reporting person became entitled to the right to receive an amount in cash equal to the product of (i) the number of common shares subject to such stock option multiplied by (ii) the excess, if any, of (A) $61.50 over (B) the exercise price per common share of such stock option.