WAUSAU PAPER CORP. 4
4 · WAUSAU PAPER CORP. · Filed Jan 22, 2016
Insider Transaction Report
Form 4
BURANDT MICHAEL C
Director
Transactions
- Disposition to Issuer
No Par Value Commmon Stock
2016-01-21$10.25/sh−6,017$61,674→ 0 total - Disposition to Issuer
Restricted Stock Units
2016-01-21−15,874.333→ 0 totalExercise: $0.00→ Common Stock (15,874.333 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to an agreement and plan of merger dated October 12, 2015 by and among issuer, SCA Americas Inc ., and Salmon Acquisition, Inc. (the "Merger" ) in which the issuer's common stock holders, within three days of the effective date of the Merger, were entitled to receive the merger consideration of $10.25 per common share.
- [F2]Each unit represented right to receive one share of issuer's common stock upon termination of service as a director, unless deferred at election of reporting person. Pursuant to the Merger, the award was cancelled in exchange for a cash payment equal to the merger consideration of $10.25 per share multiplied by the number of shares of common stock subject to such performance unit award.