Norcraft Companies, Inc. 4
4 · Norcraft Companies, Inc. · Filed May 13, 2015
Insider Transaction Report
Form 4
Buller Mark
DirectorChief Executive Officer
Transactions
- Disposition from Tender
Common Stock
2015-05-12$25.50/sh−525,629$13,403,540→ 0 total - Disposition from Tender
Non-Statutory Stock Option (Right to Buy)
2015-05-12−405,882→ 0 totalExercise: $16.00→ Common Stock (405,882 underlying)
Footnotes (2)
- [F1]These shares were exchanged for Common Stock from units of Norcraft Companies LLC, on a one-to-one basis, pursuant to an exchange agreement between the holders of units of Norcraft Companies LLC and the Issuer, and tendered in the offer by Tahiti Acquisition Corp. to purchase all outstanding Common Stock in accordance with the Tender and Support Agreement executed on March 30, 2015.
- [F2]In connection with the terms of the tender offer by Tahiti Acquisition Corp., a Delaware corporation and an indirect wholly-owned subsidiary of Fortune Brands Home & Security, Inc., a Delaware corporation, to purchase all of the outstanding Common Stock of the Issuer, at a price of $25.50 per share, the vesting of all outstanding stock options was accelerated and the options were canceled in exchange for the right to a cash payment equal to the product of (x) the total number of shares subject to the option multiplied by (y) the excess, if any, of $25.50 over the exercise price of the option.