Massoni Carol 4
4 · COLE KENNETH PRODUCTIONS INC · Filed Sep 26, 2012
Insider Transaction Report
Form 4
Massoni Carol
President Consumer Direct
Transactions
- Disposition to Issuer
Class A Common Stock
2012-09-25$15.25/sh−728$11,102→ 0 total - Disposition to Issuer
Option to Buy
2012-09-25$1.48/sh−10,000$14,800→ 0 totalExercise: $13.77Exp: 2021-02-23→ Class A Common Stock (10,000 underlying)
Footnotes (3)
- [F1]Pursuant to Merger Agreement, by and between the issuer, Kenneth Cole Productions, Inc., and KCP Holdco, Inc., all restricted shares with lapse dates beyond September 25, 2012, the closing date of the merger, are cancelled and reporting person will receive a cash obligation equal to the number of restricted shares multiplied by the conversion price of $15.25 payable on the dates which the restrictions would have lapsed, subject to the reporting party remaining employed through the dates the payments are to be made. The cash obligation does not extend to performance based restricted shares. All such performance based shares are cancelled and all lapsing schedules related thereto are null and void as of the closing date of the merger.
- [F2]Disposed of pursuant to the Merger Agreement. All options, whether unvested or vested, were cancelled and converted into the right to receive per share the excess of $15.25 over the per share exercise price.
- [F3]The options were to vest in three annual installments. The first installment of 2,500 options vested on February 23, 2012.