Chontos Joseph E. 4
4 · AEROJET ROCKETDYNE HOLDINGS, INC. · Filed Jul 31, 2023
Insider Transaction Report
Form 4
Chontos Joseph E.
See Remarks
Transactions
- Disposition to Issuer
Stock Appreciation Right
2023-07-28$25.75/sh−1,225$31,544→ 0 totalExercise: $32.25From: 2022-02-28Exp: 2026-02-28→ Common Stock (1,225 underlying) - Disposition to Issuer
Common Stock
2023-07-28$58.00/sh−16,063$931,654→ 0 total - Disposition to Issuer
Stock Appreciation Right
2023-07-28$35.06/sh−3,333$116,855→ 0 totalExercise: $22.94From: 2021-04-30Exp: 2025-04-30→ Common Stock (3,333 underlying)
Footnotes (3)
- [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]The number of shares reported includes previously-reported shares of restricted stock, which vested in full upon consummation of the Merger.
- [F3]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.