4//SEC Filing
SCHUMACHER JOHN D. 4
Accession 0000899243-23-017593
CIK 0000040888other
Filed
Jul 30, 8:00 PM ET
Accepted
Jul 31, 5:30 PM ET
Size
20.6 KB
Accession
0000899243-23-017593
Insider Transaction Report
Form 4
SCHUMACHER JOHN D.
VP, Business Relations
Transactions
- Disposition to Issuer
Restricted Stock Unit
2023-07-28$58.00/sh−2,560$148,480→ 0 total→ Common Stock (2,560 underlying) - Disposition to Issuer
Common Stock
2023-07-28$58.00/sh−81,876$4,748,808→ 0 total - Disposition to Issuer
Restricted Stock Unit
2023-07-28$58.00/sh−1,906$110,548→ 0 total→ Common Stock (1,906 underlying) - Disposition to Issuer
Stock Appreciation Right
2023-07-28$35.75/sh−10,569$377,842→ 0 totalExercise: $22.25From: 2021-02-27Exp: 2021-02-27→ Common Stock (10,569 underlying) - Disposition to Issuer
Common Stock
2023-07-28$58.00/sh−2,519$146,102→ 0 total(indirect: By Trust) - Disposition to Issuer
Stock Appreciation Right
2023-07-28$25.75/sh−8,945$230,334→ 0 totalExercise: $32.25From: 2022-02-28Exp: 2022-02-28→ Common Stock (8,945 underlying) - Disposition to Issuer
Stock Appreciation Right
2023-07-28$40.65/sh−12,813$520,848→ 0 totalExercise: $17.35From: 2020-05-01Exp: 2020-05-01→ Common Stock (12,813 underlying)
Footnotes (7)
- [F1]Under the terms of the Agreement and Plan of Merger, dated as of December 17, 2022 (the "Merger Agreement"), by and among L3Harris Technologies, Inc., Aquila Merger Sub Inc. and Aerojet Rocketdyne Holdings, Inc. (the "Issuer"), Aquila Merger Sub Inc. merged with and into the Issuer, with the Issuer surviving and becoming a wholly-owned subsidiary of L3Harris Technologies, Inc. (the "Merger"). At the effective time of the Merger, each issued and outstanding share of the Issuer's common stock was automatically canceled and converted into the right to receive $58.00 in cash per share, less applicable tax withholding (the "Merger Consideration").
- [F2]Shares held in the Aerojet Rocketdyne Retirement Savings Plan Trust ("Plan Trust") as of July 26, 2023, which reflects the value in the participant's account as per the Plan Administrator's records. The number of shares reported is calculated by dividing the dollar value of the participant's account by the closing market price of the stock on the day reported above. This calculation yields only the approximate number of shares in the participant's account because the cash component in the Plan Trust (target 2%) is allocated to each participant's account on a pro rata basis, and the cash component varies based on overall activity of all participants in the Plan Trust. The number shown has been rounded down to the nearest whole number.
- [F3]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Issuer common stock.
- [F4]Pursuant to the Merger Agreement, at the effective time of the Merger these RSUs were canceled and converted into the right to receive the Merger Consideration.
- [F5]Reflects an initial grant of 2,859 RSUs originally scheduled to vest in three equal annual installments beginning on February 28, 2023.
- [F6]These RSUs were originally schedule to vest in three equal annual installments beginning on February 28, 2024.
- [F7]This award was canceled in the Merger in exchange for the right to receive, for each underlying share, a cash payment equal to the difference between the Merger Consideration and the exercise price of the award, less applicable tax withholding.
Documents
Issuer
AEROJET ROCKETDYNE HOLDINGS, INC.
CIK 0000040888
Entity typeother
Related Parties
1- filerCIK 0001584846
Filing Metadata
- Form type
- 4
- Filed
- Jul 30, 8:00 PM ET
- Accepted
- Jul 31, 5:30 PM ET
- Size
- 20.6 KB