Dreger Christian 4
4 · PAREXEL INTERNATIONAL CORP · Filed Oct 4, 2017
Insider Transaction Report
Form 4
Dreger Christian
SVP,PAREXEL Access&Consulting
Transactions
- Disposition from Tender
Restricted Stock Units
2017-09-29$88.10/sh−4,304$379,182→ 0 totalExercise: $0.00Exp: 2019-12-07→ Common Stock (4,304 underlying) - Disposition from Tender
Stock Options (Right to Buy)
2017-09-29$25.48/sh−4,297$109,488→ 0 totalExercise: $62.62Exp: 2024-12-07→ Common Stock (4,297 underlying)
Footnotes (4)
- [F1]Pursuant to the terms of the Merger Agreement, immediately prior to the Effective Time, each Company RSU Award, whether or not vested, was assumed by West Street Parent, LLC or the Company, cancelled and exchanged for the right to receive an amount in cash equal to the product obtained by multiplying (i) the aggregate number of shares of Company Common Stock subject to such award by (ii) the Merger Consideration.
- [F2]These restricted stock units were to vest in full on December 7, 2019.
- [F3]Pursuant to the terms of the Agreement and Plan of Merger by and among PAREXEL International Corporation, West Street Parent, LLC and West Street Merger Sub, Inc., dated June 19, 2017, each Company Stock Option, whether or not vested or exercisable, automatically converted into the right to receive an amount in cash equal to the product obtained by multiplying (i) the excess of the Merger Consideration over the per share exercise price of such Company Stock Option, by (ii) the aggregate number of shares of Company Common Stock issuable upon exercise of settlement of such Company Stock Option prior to the Effective Time.
- [F4]Options become exercisable in increments of 25% of the total shares granted, which commenced on the first anniversary of 12/07/2016.