Bassi Andrea 4
4 · SEVCON, INC. · Filed Sep 29, 2017
Insider Transaction Report
Form 4
SEVCON, INC.SEV
Bassi Andrea
General Manager, Bassi S.r.l10% Owner
Transactions
- Disposition to Issuer
Common Stock
2017-09-27$22.00/sh−10,000$220,000→ 0 total - Disposition to Issuer
Warrant
2017-09-27$12.00/sh−55,000$660,000→ 0 total(indirect: By Bassi Holding S.r.l)Exercise: $10.00From: 2016-07-06Exp: 2021-07-08→ Common Stock (55,000 underlying) - Disposition to Issuer
Common Stock
2017-09-27$22.00/sh−610,000$13,420,000→ 0 total(indirect: By Bassi Holding S.r.l)
Footnotes (3)
- [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]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.