4//SEC Filing
ULTRATECH INC 4
Accession 0000909791-17-000040
CIK 0000909791operating
Filed
May 30, 8:00 PM ET
Accepted
May 31, 6:19 PM ET
Size
6.3 KB
Accession
0000909791-17-000040
Insider Transaction Report
Form 4
ULTRATECH INCUTEK
Gopi Paramesh
Director
Transactions
- Disposition to Issuer
Common Stock
2017-05-26$30.16/sh−3,750$113,100→ 0 total
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger dated February 2, 2017 by and among Ultratech, Inc. ("Ultratech"), Veeco Instruments Inc., a Delaware corporation ("Veeco") and Ulysses Acquisition Subsidiary Corp., a Delaware corporation and a wholly owned subsidiary of Veeco (the "Merger Agreement"), whereby each share of Ultratech common stock outstanding immediately prior to the closing of the transactions contemplated under the Merger Agreement (the "Merger") was converted into the right to receive (i) $21.75 in cash without interest (the "Cash Consideration") and (ii) 0.2675 of a share of Veeco common stock (the "Stock Consideration"). The number of shares includes 3,750 Ultratech restricted stock units that were outstanding and vested at the time of the Merger ("Vested RSUs") and 0 Ultratech restricted stock units that remained outstanding and unvested at the time of the Merger ("Unvested RSUs").
- [F2]In connection with the Merger, each Vested RSU was cancelled and converted into the right to receive the sum of (a) the Cash Consideration, plus (b) the product of (i) the Stock Consideration multiplied by (ii) the volume weighted average trading price of Veeco's common stock for the five consecutive trading days ending on the trading day immediately preceding the closing date of the Merger ( the "Equity Award Merger Consideration"). In connection with the Merger, each Unvested RSU was assumed by Veeco and converted into the right to receive a number of shares of Veeco common stock (with the number of shares of Veeco common stock determined by dividing the Equity Award Merger Consideration by the volume weighted average trading price of Veeco's common stock for the five consecutive trading days ending on the trading day immediately preceding the closing date of the Merger ).
Documents
Issuer
ULTRATECH INC
CIK 0000909791
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000909791
Filing Metadata
- Form type
- 4
- Filed
- May 30, 8:00 PM ET
- Accepted
- May 31, 6:19 PM ET
- Size
- 6.3 KB