ZIMMER BIOMET HOLDINGS, INC. 4
4 · ZIMMER BIOMET HOLDINGS, INC. · Filed Jun 26, 2015
Insider Transaction Report
Form 4
Johnson Adam Rudolph
Group President
Transactions
- Award
Employee Stock Option (right to buy)
2015-06-24+14,695→ 14,695 totalExercise: $113.83Exp: 2025-06-24→ Common Stock (14,695 underlying) - Award
Employee Stock Option (right to buy)
2015-06-24+14,696→ 14,696 totalExercise: $113.83Exp: 2025-06-24→ Common Stock (14,696 underlying) - Award
Common Stock
2015-06-24+34,617→ 34,617 total - Award
Restricted Stock Units
2015-06-24+10,565→ 10,565 total→ Common Stock (10,565 underlying)
Footnotes (5)
- [F1]The shares were acquired pursuant to the merger (the "Merger") of a wholly-owned subsidiary of Zimmer Biomet Holdings, Inc. (the "Company") with and into LVB Acquisition, Inc. ("LVB"), with LVB surviving as a wholly-owned subsidiary of the Company. The Reporting Person held shares of LVB common stock and LVB equity-based awards that were exchanged for shares of Company common stock and cash in the Merger. Each share of LVB common stock was exchanged for 0.0562 shares of Company common stock and $8.94 in cash in the Merger.
- [F2](Continued from Footnote (1) above) Each vested option to purchase LVB common stock was exchanged for 0.027 shares of Company common stock and $4.26 in cash in the Merger, each unvested option to purchase LVB common stock was exchanged for 0.023 shares of Company common stock and $3.88 in cash in the Merger, and each restricted stock unit was exchanged for 0.0562 shares of Company common stock and $8.94 in cash in the Merger. On the effective date of the Merger, the closing price of the Company's common stock was $113.52 per share.
- [F3]Vests annually over four years in increments of 25% each year, commencing on June 24, 2016.
- [F4]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Company's common stock.
- [F5]RSUs will vest in full on June 24, 2017.