Sato Samuel M 4
4 · FINISH LINE INC /IN/ · Filed Jun 18, 2018
Insider Transaction Report
Form 4
Samuel Sato M
Executive Vice President
Transactions
- Disposition to Issuer
Performance-Based Restricted Stock
2018-06-18$13.50/sh−100,267$1,353,605→ 0 totalExp: 2020-03-27→ Class A Common Stock (100,267 underlying) - Disposition to Issuer
Dividend Equivalent Rights
2018-06-18$13.50/sh−7,054$95,229→ 0 total→ Class A Common Stock (7,054 underlying) - Disposition to Issuer
Class A Common Stock
2018-06-18$13.50/sh−206,973$2,794,136→ 0 total - Disposition to Issuer
Performance-Based Restricted Stock
2018-06-18$13.50/sh−29,304$395,604→ 0 totalExp: 2019-03-28→ Class A Common Stock (29,304 underlying)
Footnotes (5)
- [F1]Pursuant to the terms of the Agreement and Plan of Merger dated March 25, 2018 by and among The Finish Line, Inc., JD Sports Fashion Plc, and Genesis Merger Sub, Inc. (the "Merger Agreement"), each share of common stock was converted into the right to receive $13.50 as of June 18, 2018, which was the closing date of the merger.
- [F2]Each share of performance-based restricted stock represents a contingent right to receive one share of Class A Common Stock. Under the original terms of the restricted stock grant, the shares of performance-based restricted stock vest upon achieving certain performance goals measured over a three-year performance period. Dividend equivalent rights accrue with respect to these shares of performance-based restricted stock when and as dividends are paid on Class A Common Stock.
- [F3]Pursuant to the Merger Agreement, each share of performance-based restricted stock, and each related dividend equivalent right accruing on each share of performance-based restricted stock, was converted on the closing date into the right to receive $13.50.
- [F4]The dividend equivalent rights reflect the aggregate accruals of dividends paid by the issuer that accrued on the reporting person's performance-based restricted stock. Each dividend equivalent right is the economic equivalent of one share of Class A Common Stock.
- [F5]Under the original terms of the restricted stock grant, the dividend equivalent rights vest proportionately with the shares of performance-based restricted stock to which they relate.