API Technologies Corp. 4
4 · API Technologies Corp. · Filed Apr 22, 2016
Insider Transaction Report
Form 4
Seeton Eric F.
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2016-04-22+35,000→ 35,000 total - Disposition to Issuer
Common Stock
2016-04-22−35,000→ 0 total - Disposition to Issuer
Common Stock
2016-04-22−31,381→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2016-04-22−100,000→ 0 totalExercise: $1.15Exp: 2026-01-26→ Common Stock (100,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2016-04-22−100,000→ 0 totalExercise: $2.39Exp: 2025-09-08→ Common Stock (100,000 underlying)
Footnotes (5)
- [F1]These restricted stock units, which provided for vesting in three equal annual installments beginning 01/26/2017, were disposed of pursuant to the merger agreement between the issuer, RF1 Holding Company and RF Acquisition Sub, Inc., in exchange for $2.00 in cash per restricted stock unit.
- [F2]These restricted stock units, granted on 09/08/2015, provided for vesting upon a change in control, and vested as of the closing of the merger.
- [F3]These restricted stock units, which provided for vesting in three equal annual installments beginning 09/08/2016, were disposed of pursuant to the merger agreement in exchange for $2.00 in cash per restricted stock unit.
- [F4]These options, which provided for vesting in three equal annual installments beginning 09/08/2016, were canceled in the merger in exchange for a cash payment equal to the difference between the exercise price of each option and $2.00.
- [F5]These options, which provided for vesting in three equal annual installments beginning 01/26/2017, were canceled in the merger without consideration.