4//SEC Filing
UNITED INDUSTRIAL CORP /DE/ 4
Accession 0000921895-07-002743
CIK 0000101271operating
Filed
Dec 3, 7:00 PM ET
Accepted
Dec 4, 7:10 PM ET
Size
11.9 KB
Accession
0000921895-07-002743
Insider Transaction Report
Form 4
KASSAN GLEN M
Director
Transactions
- Disposition to Issuer
Option (right to buy)
2007-11-30$46.26/sh−15,000$693,900→ 0 totalExercise: $34.74Exp: 2010-05-24→ Common Stock, $1.00 par value per share (15,000 underlying) - Disposition to Issuer
Option (right to buy)
2007-11-30$19.85/sh−5,000$99,250→ 0 totalExercise: $61.15Exp: 2017-05-18→ Common Stock, $1.00 par value per share (5,000 underlying)
Footnotes (3)
- [F1]This option, which provided for vesting in three equal annual installments beginning May 24, 2005, was cancelled by resolution of the Board of Directors of the Issuer in anticipation of the consummation of the Agreement and Plan of Merger, dated as of October 7, 2007, by and among Marco Acquisition Sub Inc. ("Marco"), Textron Inc. and the Issuer (the "Merger Agreement"), in exchange for a cash payment of $693,900, representing the difference between the full exercise price of the option and the $81.00 per share price offered to shareholders (the "Offer Price") in connection with the tender offer by Marco to purchase all of the outstanding common stock of the Issuer (the "Tender Offer").
- [F2]This option, which provided for vesting in three equal annual installments beginning October 4, 2002, was cancelled by resolution of the Board of Directors of the Issuer in anticipation of the consummation of the Merger Agreement, in exchange for a cash payment of $913,200, representing the difference between the full exercise price of the option and the Offer Price.
- [F3]This option, which became fully exercisable on November 14, 2007 as a result of the "Change in Control" (as defined under the Issuer's 2006 Long Term Incentive Plan) that occurred upon the consummation of the Tender Offer, was cancelled by resolution of the Board of Directors of the Issuer in anticipation of the consummation of the Merger Agreement, in exchange for a cash payment of $99,250, representing the difference between the full exercise price of the option and the Offer Price.
Documents
Issuer
UNITED INDUSTRIAL CORP /DE/
CIK 0000101271
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000101271
Filing Metadata
- Form type
- 4
- Filed
- Dec 3, 7:00 PM ET
- Accepted
- Dec 4, 7:10 PM ET
- Size
- 11.9 KB