4//SEC Filing
Dickinson Colin John 4
Accession 0000950170-25-048612
CIK 0001001902other
Filed
Mar 31, 8:00 PM ET
Accepted
Apr 1, 4:38 PM ET
Size
12.5 KB
Accession
0000950170-25-048612
Insider Transaction Report
Form 4
INTEVAC INCIVAC
Dickinson Colin John
V.P. of Operations
Transactions
- Disposition from Tender
Common Stock
2025-03-31−50,101→ 113,581 total - Award
Common Stock
2025-03-31+95,650→ 95,650 total - Disposition to Issuer
Common Stock
2025-03-31−113,581→ 0 total - Disposition to Issuer
Common Stock
2025-03-31−95,650→ 0 total - Tax Payment
Common Stock
2023-08-15$3.53/sh−5,158$18,208→ 163,682 total
Footnotes (5)
- [F1]The reported shares were withheld to cover the reporting person's tax liability in connection with the vesting of restricted stock units.
- [F2]Includes 241 shares acquired under the Issuer's Employee Stock Purchase Plan on March 24, 2025.
- [F3]Pursuant to the terms of that certain Agreement and Plan of Merger (the "Merger Agreement"), by and among Seagate Technology Holdings plc, the Issuer and Irvine Acquisition Holdings, Inc., dated as of February 13, 2025, the reported securities were tendered prior to the Expiration Date (as defined in the Merger Agreement) and disposed of at the Offer Acceptance Time (as defined in the Merger Agreement) in exchange for $4.00 per share, payable in cash at closing, without interest and subject to reduction for any applicable withholding of taxes (the "Offer Consideration").
- [F4]At the Effective Time (as defined in the Merger Agreement), pursuant to the Merger Agreement, each restricted stock unit of the Issuer that vested based solely on the continued performance of services and performance metrics (each, a "Company RSU") then outstanding, whether or not vested, was cancelled in exchange for a cash payment equal to (x) the total numbers of shares subject to such Company RSU immediately prior to the Effective Time (without regard to vesting) multiplied by (y) the Offer Consideration.
- [F5]Immediately prior to the Effective Time, pursuant to the Merger Agreement, (A) each restricted stock unit of the Issuer that vested based solely on the continued performance of services and the achievement of performance metrics (each a "Company PRSU") granted during calendar year 2022 that was then outstanding was cancelled and the holder thereof received an amount in cash equal to the product of (x) 25% of the "Number of RSUs Subject to Award" listed in the applicable award agreement multiplied by (y) the Offer Consideration and (B) each Company PRSU granted during calendar year 2025 that was then outstanding was cancelled and the holder thereof was entitled to an amount in cash equal to the product of (x) the "Target PRSUs" listed in the applicable award agreement multiplied by (y) the Offer Consideration.
Documents
Issuer
INTEVAC INC
CIK 0001001902
Entity typeother
Related Parties
1- filerCIK 0001953313
Filing Metadata
- Form type
- 4
- Filed
- Mar 31, 8:00 PM ET
- Accepted
- Apr 1, 4:38 PM ET
- Size
- 12.5 KB