4//SEC Filing
Bourque Michael J. 4
Accession 0000950103-23-016306
CIK 0000830524other
Filed
Nov 14, 7:00 PM ET
Accepted
Nov 15, 7:25 PM ET
Size
14.7 KB
Accession
0000950103-23-016306
Insider Transaction Report
Form 4
CHASE CORPCCF
Bourque Michael J.
Treasurer & CFO
Transactions
- Disposition to Issuer
Chase Corporation Common Stock
2023-11-15−9,738→ 0 total - Disposition to Issuer
Stock Options
2023-11-15−749→ 0 totalExercise: $104.04Exp: 2030-09-01→ Common Stock (749 underlying) - Disposition to Issuer
Stock Options
2023-11-15−1,163→ 0 totalExercise: $114.50Exp: 2031-09-01→ Common Stock (1,163 underlying) - Disposition to Issuer
Stock Options
2023-11-15−14,480→ 0 totalExercise: $94.88Exp: 2032-02-01→ Common Stock (14,480 underlying) - Disposition to Issuer
Stock Options
2023-11-15−1,520→ 0 totalExercise: $88.16Exp: 2032-09-01→ Common Stock (1,520 underlying)
Footnotes (2)
- [F1]This Form 4 reports securities disposed of pursuant to the Agreement and Plan of Merger, dated as of July 21, 2023, by and among Chase Corporation (the "Issuer"), Formulations Parent Corporation ("Parent") and Formulations Merger Sub Corporation, a Delaware corporation and a direct, wholly owned subsidiary of Parent ("Merger Sub"), pursuant to which, effective as of November 15, 2023 (the "Effective Time"), Merger Sub merged with and into the Issuer, with the Issuer surviving the merger as a wholly owned subsidiary of Parent (the "Merger"), and each issued and outstanding share of the Issuer's Common Stock (each, a "Share") was cancelled and, except in the case of certain unvested Shares that were forfeited as of the Effective Time or as otherwise agreed between Parent and the holder thereof, was converted into the right to receive $127.50 in cash (the "Per Share Consideration"), subject to any applicable withholding of taxes and without interest.
- [F2]Represents options to purchase Shares (each, an "Option") held by the Reporting Person. In accordance with the Merger Agreement, at the Effective Time, each Option, whether vested or unvested, became fully vested and was automatically canceled and converted into the right to receive a cash payment, without interest, in an amount equal to the product of (i) the excess, if any, of the Per Share Consideration over the applicable per share exercise price of such Option, multiplied by (ii) the number of shares of Shares issuable in respect of such Option as of immediately prior to the Effective Time, subject to any applicable withholding of taxes.
Documents
Issuer
CHASE CORP
CIK 0000830524
Entity typeother
Related Parties
1- filerCIK 0001638420
Filing Metadata
- Form type
- 4
- Filed
- Nov 14, 7:00 PM ET
- Accepted
- Nov 15, 7:25 PM ET
- Size
- 14.7 KB