FAGRE NATHAN E 4
4 · Spectrum Brands Legacy, Inc. · Filed Jul 17, 2018
Insider Transaction Report
Form 4
FAGRE NATHAN E
General Counsel and Secretary
Transactions
- Disposition to Issuer
Performance Rights
2018-07-13−4,056→ 0 total→ Common Stock (4,056 underlying) - Disposition to Issuer
Common Stock
2018-07-13−46,334→ 0 total
Footnotes (2)
- [F1]Pursuant to the terms of the Agreement and Plan of Merger dated February 24, 2018, and amended June 8, 2018, by and among Spectrum Brands Holdings, Inc. ("Spectrum") and HRG Group, Inc. ("HRG"), each share of common stock of Spectrum was converted into one share of common stock of HRG as of July 13, 2018, which was the closing date of the merger.
- [F2]These performance rights, which provide for vesting on December 1, 2018, were assumed by HRG in the merger. Pursuant to the Merger Agreement, each performance right that corresponds to a number of shares of Spectrum common stock granted under a Spectrum equity incentive plan that was outstanding immediately prior to the effective time of the merger, was automatically converted into a performance right award of HRG common stock equal to the number of shares of Spectrum common stock subject to such award as of immediately prior to the effective time of the merger (each such award, a "New HRG Award"). Each New HRG Award will continue to have the same terms and conditions, including with respect to vesting, as the Spectrum performance rights award to which they relate.