4//SEC Filing
Garber Mitchell Alan 4
Accession 0000899243-17-023770
CIK 0001575879other
Filed
Oct 5, 8:00 PM ET
Accepted
Oct 6, 5:32 PM ET
Size
9.7 KB
Accession
0000899243-17-023770
Insider Transaction Report
Form 4
Garber Mitchell Alan
President and CEO
Transactions
- Disposition to Issuer
Common Stock
2017-10-06−171,775→ 0 total - Tax Payment
Common Stock
2017-10-06$21.25/sh−30,346$644,853→ 171,775 total - Disposition to Issuer
Stock Option (right to buy)
2017-10-06−450,000→ 0 totalExercise: $9.25Exp: 2024-10-07→ Common Stock (450,000 underlying)
Footnotes (3)
- [F1]Withholding of shares by the Issuer for tax withholding purposes related to the vesting of previously awarded Restricted Stock Units ("RSUs"). The vesting of the RSUs was accelerated in full on October 6, 2017.
- [F2]Pursuant to the Amended and Restated Agreement and Plan of Merger, dated as of July 9, 2016, as amended by the First Amendment to Amended and Restated Agreement and Plan of Merger, dated as of February 20, 2017 (as amended, the "Merger Agreement"), between Caesars Entertainment Corporation ("CEC") and the Issuer, on October 6, 2017, each outstanding share of the Issuer's Common Stock converted into and was exchanged for 1.625 shares of CEC common stock (the "Exchange Ratio").
- [F3]Pursuant to the Merger Agreement, the option (the "CAC Option"), which vested as to 100% of the shares on October 7, 2016, was cancelled and converted into an option to purchase 731,250 shares of CEC common stock, which number of shares is equal to the product (rounded down to the nearest whole share) of (i) the number of shares of the Issuer's Common Stock subject to the CAC Option and (ii) the Exchange Ratio, at an exercise price per share (rounded up to the nearest whole cent) equal to (x) the exercise price of the CAC Option divided by (y) the Exchange Ratio.
Documents
Issuer
Caesars Acquisition Co
CIK 0001575879
Entity typeother
Related Parties
1- filerCIK 0001289717
Filing Metadata
- Form type
- 4
- Filed
- Oct 5, 8:00 PM ET
- Accepted
- Oct 6, 5:32 PM ET
- Size
- 9.7 KB