4//SEC Filing
ARCTIC CAT INC 4
Accession 0000914190-17-000100
CIK 0000719866operating
Filed
Mar 6, 7:00 PM ET
Accepted
Mar 7, 10:00 AM ET
Size
20.4 KB
Accession
0000914190-17-000100
Insider Transaction Report
Form 4
ARCTIC CAT INCACAT
LESTER SUSAN E
Director
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2017-03-06−6,000→ 0 totalExercise: $17.84→ Common Stock (6,000 underlying) - Disposition from Tender
Common Stock
2017-03-06$18.50/sh−7,962$147,297→ 8,310 total - Disposition to Issuer
Common Stock
2017-03-06$18.50/sh−8,310$153,735→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2017-03-06−27→ 0 totalExercise: $9.57Exp: 2018-08-07→ Common Stock (27 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2017-03-06−27→ 0 totalExercise: $6.26Exp: 2019-08-06→ Common Stock (27 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2017-03-06−5,035→ 0 totalExercise: $10.79Exp: 2020-04-01→ Common Stock (5,035 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2017-03-06−6,000→ 0 totalExercise: $15.77Exp: 2021-04-01→ Common Stock (6,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2017-03-06−5,973→ 0 totalExercise: $16.74Exp: 2026-04-01→ Common Stock (5,973 underlying)
Footnotes (4)
- [F1]Tendered pursuant to the Agreement and Plan of Merger (the "Merger Agreement") among Arctic Cat Inc., a Minnesota corporation, Textron Inc., a Delaware corporation, ("Textron"), and Aces Acquisition Corp., a Minnesota corporation and an indirect wholly owned subsidiary of Textron, in exchange for the right to receive $18.50 per share. All terms capitalized but not defined shall have the meaning given to them in the Merger Agreement.
- [F2]Pursuant to the Merger Agreement, each unvested restricted stock unit became fully vested immediately prior to the Effective Time. Restricted stock units were then cancelled as of the Effective Time in exchange for the right to receive a cash payment equal to $18.50 multiplied by the number of shares subject to such restricted stock unit award, less any required withholding of taxes.
- [F3]Pursuant to the Merger Agreement, each unvested stock option became fully vested and exercisable immediately prior to the Effective Time. Each stock option that was outstanding and unexercised as of the Effective Time and had an exercise price per share that was less than $18.50 was then cancelled in exchange for the right to receive a cash payment equal to $18.50 minus the exercise price, multiplied by the number of shares issuable upon exercise of such stock option, less any required withholding of taxes.
- [F4]Expires five years following termination as a director.
Documents
Issuer
ARCTIC CAT INC
CIK 0000719866
Entity typeoperating
IncorporatedMN
Related Parties
1- filerCIK 0000719866
Filing Metadata
- Form type
- 4
- Filed
- Mar 6, 7:00 PM ET
- Accepted
- Mar 7, 10:00 AM ET
- Size
- 20.4 KB