4//SEC Filing
SL INDUSTRIES INC 4
Accession 0000921895-16-004785
CIK 0000089270operating
Filed
May 31, 8:00 PM ET
Accepted
Jun 1, 6:07 PM ET
Size
7.8 KB
Accession
0000921895-16-004785
Insider Transaction Report
Form 4
KASSAN GLEN M
DirectorOther
Transactions
- Disposition from Tender
Common Stock
2016-05-31$40.00/sh−17,000$680,000→ 6,000 total - Disposition to Issuer
Common Stock
2016-06-01$40.00/sh−6,000$240,000→ 0 total
Footnotes (3)
- [F1]Price reflects aggregate per share consideration paid pursuant to the tender offer contemplated under the Agreement and Plan of Merger dated April 6, 2016, by and among Handy & Harman Ltd., Handy & Harman Group Ltd., SLI Acquisition Co., and SL Industries, Inc. (the "Company").
- [F2]The Reporting Person is also a member of a Section 13(d) group that owns more than 10% of the Company's outstanding common stock.
- [F3]Reflects 6,000 shares granted to the Reporting Person pursuant to Restricted Shares Agreements under the Company's 2008 Incentive Stock Plan, of which 3,000 vested in accordance with their terms on May 28, 2016 (the "Vested Shares"). Pursuant to the Merger Agreement, the unvested shares of restricted stock were vested and cancelled in exchange for a cash payment of $120,000, which is the product of (i) the aggregate number of shares of restricted stock (3,000 shares) and (ii) $40.00 per share, with such payment subject to any required withholding of taxes. The Vested Shares were cancelled in exchange for a payment of $120,000, which is the product of (i) the aggregate number of shares of restricted stock (3,000 shares) and (ii) $40.00 per share, with such payment subject to any required withholding of taxes.
Documents
Issuer
SL INDUSTRIES INC
CIK 0000089270
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000089270
Filing Metadata
- Form type
- 4
- Filed
- May 31, 8:00 PM ET
- Accepted
- Jun 1, 6:07 PM ET
- Size
- 7.8 KB