SL INDUSTRIES INC 4
4 · SL INDUSTRIES INC · Filed Jun 1, 2016
Insider Transaction Report
Form 4
SCHWARZ MARK E
Director
Transactions
- Disposition from Tender
Common Stock
2016-05-31$40.00/sh−10,001$400,040→ 6,000 total - Disposition to Issuer
Common Stock
2016-06-01$40.00/sh−6,000$240,000→ 0 total
Footnotes (2)
- [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]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.