4//SEC Filing
KURTZ RICHARD 4
Accession 0000899243-17-027656
CIK 0000875296other
Filed
Nov 29, 7:00 PM ET
Accepted
Nov 30, 3:57 PM ET
Size
15.7 KB
Accession
0000899243-17-027656
Insider Transaction Report
Form 4
KURTZ RICHARD
Director10% OwnerOther
Transactions
- Disposition to Issuer
Common Stock, PV $.01
2017-11-30$1.03/sh−70,974,360$73,103,591→ 0 total - Disposition to Issuer
Option (Right to Buy)
2017-11-30−500,000→ 0 totalExercise: $0.29From: 2015-11-12Exp: 2023-11-12→ Common Stock (500,000 underlying) - Disposition to Issuer
Option (Right to Buy)
2017-11-30−800,000→ 0 totalExercise: $0.40Exp: 2024-03-14→ Common Stock (800,000 underlying) - Disposition to Issuer
Option (Right to Buy)
2017-11-30−400,000→ 0 totalExercise: $0.54Exp: 2019-05-14→ Common Stock (400,000 underlying) - Disposition to Issuer
Option (Right to Buy)
2017-11-30−100,000→ 0 totalExercise: $0.50Exp: 2025-01-05→ Common Stock (100,000 underlying)
Footnotes (5)
- [F1]Effective November 30, 2017, pursuant to that certain Agreement and Plan of Merger, dated October 4, 2017, by and among Icynene U.S. Holding Corp. ("Parent"), Blaze Merger Sub Inc., a wholly owned subsidiary of Parent ("Merger Sub"), and Lapolla Industries, Inc. (the "Issuer"), Merger Sub merged with and into the Issuer, with the Issuer continuing as the surviving corporation and as a wholly owned subsidiary of Parent (the "Merger"). As consideration for the Merger, each share of Issuer common stock was cancelled and extinguished and converted into the right to receive $1.03 in cash (the "Per Share Merger Consideration").
- [F2]This option, which provided for vesting in two equal annual installments beginning on May 14, 2015, was cancelled in the Merger in exchange for a cash payment of $196,000, representing, for each share for which the option was exercisable, the difference between the exercise price of the option and the Per Share Merger Consideration.
- [F3]This option was cancelled in the Merger in exchange for a cash payment of $368,000, representing, for each share for which the option was exercisable, the difference between the exercise price of the option and the Per Share Merger Consideration.
- [F4]This option, which provided for monthly vesting on a pro rata basis over a three-year period, was cancelled in the Merger in exchange for a cash payment of $504,000, representing, for each share for which the option was exercisable, the difference between the exercise price of the option and the Per Share Merger Consideration.
- [F5]This option, which provided for vesting in three equal annual installments beginning on December 31, 2017, was cancelled in the Merger in exchange for a cash payment of $53,000, representing, for each share for which the option was exercisable, the difference between the exercise price of the option and the Per Share Merger Consideration.
Documents
Issuer
LAPOLLA INDUSTRIES INC
CIK 0000875296
Entity typeother
Related Parties
1- filerCIK 0001168337
Filing Metadata
- Form type
- 4
- Filed
- Nov 29, 7:00 PM ET
- Accepted
- Nov 30, 3:57 PM ET
- Size
- 15.7 KB