Norcraft Companies, Inc. 4
4 · Norcraft Companies, Inc. · Filed May 13, 2015
Insider Transaction Report
Form 4
Wanninger Kurt
President, Mid Continent
Transactions
- Disposition from Tender
Common Stock
2015-05-12$25.50/sh−82,141$2,094,596→ 0 total - Disposition from Tender
Non-Statutory Stock Option (Right to Buy)
2015-05-12−131,912→ 0 totalExercise: $16.00→ Common Stock (131,912 underlying)
Footnotes (3)
- [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.
- [F2]7,474 of such shares are held in the Reporting Person's IRA account.
- [F3]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.