Morris Ryan J. 4
4 · SEVCON, INC. · Filed Sep 29, 2017
Insider Transaction Report
Form 4
SEVCON, INC.SEV
Morris Ryan J.
Director
Transactions
- Disposition to Issuer
Common Stock
2017-09-27$22.00/sh−148,271$3,261,962→ 0 total(indirect: By Meson Capital L.P.) - Disposition to Issuer
Series A Convertible Preferred Stock
2017-09-27$66.00/sh−338$22,308→ 0 totalExercise: $8.00From: 2014-09-08→ Common Stock (1,014 underlying) - Disposition to Issuer
Warrant
2017-09-27$12.00/sh−307,000$3,684,000→ 0 total(indirect: By Meson Constructive Capital LP)Exercise: $10.00From: 2016-07-06Exp: 2021-07-08→ Common Stock (307,000 underlying) - Disposition to Issuer
Common Stock
2017-09-27$22.00/sh−19,991$439,802→ 0 total - Disposition to Issuer
Series A Convertible Preferred Stock
2017-09-27$66.00/sh−7,699$508,134→ 0 total(indirect: By Meson Capital L.P.)Exercise: $8.00From: 2014-09-08→ Common Stock (23,097 underlying) - Disposition to Issuer
Warrant
2017-09-27$12.00/sh−27,500$330,000→ 0 total(indirect: By Meson Capital L.P.)Exercise: $10.00From: 2016-07-06Exp: 2021-07-08→ Common Stock (27,500 underlying) - Disposition to Issuer
Common Stock
2017-09-27$22.00/sh−614,000$13,508,000→ 0 total(indirect: By Meson Constructive Capital LP)
Footnotes (4)
- [F1]Disposed of pursuant to merger agreement by and among Issuer, BorgWarner Inc. and Slade Merger Sub Inc. for a cash payment of the per share price noted.
- [F2]The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other purpose.
- [F3]The Series A Convertible Preferred Stock had no expiration date.
- [F4]This warrant was repurchased by the Issuer in connection with the closing under the merger agreement for a per share price equal to the spread between $22.00 and the exercise price.