LIBERATOR MEDICAL HOLDINGS, INC. 4
4 · LIBERATOR MEDICAL HOLDINGS, INC. · Filed Jan 22, 2016
Insider Transaction Report
Form 4
Leger John
Chief Operating Officer
Transactions
- Disposition to Issuer
Common Stock
2016-01-21$3.35/sh−235,165$787,803→ 0 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2016-01-21$2.38/sh−45,000$107,100→ 0 totalExercise: $0.97Exp: 2018-02-14→ Common Stock (45,000 underlying)
Footnotes (2)
- [F1]The shares were disposed of in connection with the merger contemplated by the Agreement and Plan of Merger, dated as of November 19, 2015, by and among Liberator Medical Holdings, Inc. (the "Company"), C. R. Bard, Inc. and Freedom MergerSub, Inc. Upon consummation of the merger, each share of the Company's common stock was converted into the right to receive $3.35 in cash (the "Merger Consideration"), subject to any applicable withholding taxes.
- [F2]These options were canceled in the merger in exchange for a cash payment of $107,100, representing the difference between the Merger Consideration and the per share exercise price of the options on the effective date of the merger multiplied by the number of shares subject to the option ($2.38 per share).