Chambliss Patrick T 4
4 · PACKAGING DYNAMICS CORP · Filed Jun 13, 2006
Insider Transaction Report
Form 4
Chambliss Patrick T
Vice President and CFO
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2006-06-09$3.80/sh−30,000$114,000→ 0 totalExercise: $10.20From: 2006-12-22Exp: 2012-12-22→ Common Stock (30,000 underlying)
Footnotes (2)
- [F1]These options were disposed of pursuant to an Agreement and Plan of Merger, dated as of February 24, 2006, by and among Thilmany, LLC, KTHP Acquisition, Inc. and Packaging Dynamics Corporation ("PKDY") and cancelled in exchange for a cash payment of $14.00 per underlying share of PKDY Common Stock less the exercise price of such options.
- [F2]These options, which provided for vesting in three equal annual installments from the date of grant, December 22, 2005, were cancelled in exchange for a cash payment of $14.00 per underlying share of PKDY Common Stock less the exercise price of such options.