DEVIRGILIO MICHAEL 4
4 · COLE KENNETH PRODUCTIONS INC · Filed Sep 27, 2012
Insider Transaction Report
Form 4
DEVIRGILIO MICHAEL
President Int. & Licensing
Transactions
- Disposition to Issuer
Option to Buy
2012-09-25−15,000→ 0 totalExercise: $23.85Exp: 2013-02-05→ Class A Common Stock (15,000 underlying) - Disposition to Issuer
Option to Buy
2012-09-25$8.18/sh−25,000$204,500→ 0 totalExercise: $7.07Exp: 2019-05-27→ Class A Common Stock (25,000 underlying) - Disposition to Issuer
Option to Buy
2012-09-25$3.45/sh−20,000$69,000→ 0 totalExercise: $11.80Exp: 2020-05-28→ Class A Common Stock (20,000 underlying) - Disposition to Issuer
Class A Commmon Stock
2012-09-25$15.25/sh−0$0→ 0 total - Disposition to Issuer
Option to Buy
2012-09-25$0.41/sh−30,000$12,300→ 0 totalExercise: $14.84Exp: 2018-05-28→ Class A Common Stock (30,000 underlying)
Footnotes (6)
- [F1]Disposed of pursuant to the Merger Agreement, by and between the issuer, Kenneth Cole Productions, Inc., and KCP Holdco, Inc. 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.
- [F2]The options vested in four annual installments beginning May 28, 2009.
- [F3]The options vested in five annual installments beginning February 5, 2004.
- [F4]The options vested in three annual installments beginning May 28, 2010.
- [F5]The options were to vest in three annual installments beginning May 27, 2011.
- [F6]Pursuant to the 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 person 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 lapse schedules related thereto are null and void as of the closing date of the merger.