MICREL INC 4
4 · MICREL INC · Filed Aug 5, 2015
Insider Transaction Report
Form 4
MICREL INCMCRL
Kanama Rami
VP, Timing & Communications
Transactions
- Disposition to Issuer
Common Stock
2015-08-03−11,228→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2015-08-03−18,000→ 0 totalExercise: $10.38→ Common Sock (18 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2015-08-03−12,000→ 0 totalExercise: $10.38→ Common Stock (12,000 underlying) - Disposition to Issuer
Restricted Stock Units
2015-08-03−64,666→ 0 totalExercise: $0.00→ Common Stock (64,666 underlying)
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger dated as of May 7, 2015 by and among Microchip Technology Incorporated ("Microchip"), Mambo Acquisition Corp., Mambo Acquisition LLC and Micrel Incorporated (the "Merger Agreement"), each outstanding share of common stock of Micrel Incorporated was cancelled in exchange for the right to receive $14.00 in cash or shares of common stock of Microchip.
- [F2]Pursuant to the Merger Agreement, (x) each vested stock option and vested RSU was cancelled in each exchange for a cash payment per share equal to the excess, if any, of $14.00 over the exercise price, as applicable; and (y) each unvested option and unvested RSU was assumed by Microchip, with the number of shares of common stock of Microchip and, in the case of stock options, exercise price determined pursuant to the terms of the Merger Agreement.