4//SEC Filing
Miyanaga Eiji 4
Accession 0000950170-25-048701
CIK 0001001902other
Filed
Mar 31, 8:00 PM ET
Accepted
Apr 1, 5:06 PM ET
Size
8.1 KB
Accession
0000950170-25-048701
Insider Transaction Report
Form 4
INTEVAC INCIVAC
Miyanaga Eiji
Director
Transactions
- Disposition to Issuer
Common Stock
2025-03-31−12,000→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2025-03-31−10,300→ 0 totalExercise: $3.54Exp: 2031-08-28→ Common Stock (10,300 underlying)
Footnotes (3)
- [F1]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, 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) $4.00 per share, payable in cash at closing, without interest and subject to reduction for any applicable withholding of taxes.
- [F2]At the Effective Time, pursuant to the Merger Agreement, each outstanding option to purchase shares of common stock of the Issuer having an exercise price per share that was less than the Offer Consideration (each, an "In-the-Money Option") that was then outstanding and unvested as of immediately prior to the Effective Time vested in full.
- [F3]At the Effective Time, pursuant to the Merger Agreement, each In-the-Money Option that was then outstanding was cancelled in exchange for an amount in cash equal to the product of (x) the total number of shares subject to such In-the-Money Option immediately prior to the Effective Time multiplied by (y) the excess of the amount of the Offer Consideration over the applicable exercise price per share of such In-the-Money Option.
Documents
Issuer
INTEVAC INC
CIK 0001001902
Entity typeother
Related Parties
1- filerCIK 0002035536
Filing Metadata
- Form type
- 4
- Filed
- Mar 31, 8:00 PM ET
- Accepted
- Apr 1, 5:06 PM ET
- Size
- 8.1 KB