4//SEC Filing
BLOUNT INTERNATIONAL INC 4
Accession 0001001606-16-000125
CIK 0001001606operating
Filed
Apr 13, 8:00 PM ET
Accepted
Apr 14, 12:23 PM ET
Size
10.8 KB
Accession
0001001606-16-000125
Insider Transaction Report
Form 4
WILLMOTT DAVID A.
Sr. VP - Corp. Dev. & Strategy
Transactions
- Disposition to Issuer
Common Stock
2016-04-12$10.00/sh−50,116$501,160→ 0 total - Disposition to Issuer
Restricted Stock Unit
2016-04-12−38,824→ 0 totalExercise: $0.00→ Common Stock (38,824 underlying) - Disposition to Issuer
Stock Option
2016-04-12−100,000→ 0 totalExercise: $9.52Exp: 2019-12-14→ Common Stock (100,000 underlying)
Footnotes (4)
- [F1]On April 12, 2016, ASP Blade Intermediate Holdings, Inc., a Delaware corporation ("Parent") acquired the issuer pursuant to that certain Agreement and Plan of Merger, dated as of December 9, 2015 (the "Merger Agreement"), among the issuer, Parent and ASP Blade Merger Sub Inc., a Delaware corporation and wholly owned subsidiary of Parent ("Merger Sub"). In accordance with the terms of the Merger Agreement Merger Sub merged with and into the issuer (the "Merger"), with the issuer surviving the Merger as a wholly owned subsidiary of Parent. The Merger is more fully described in the issuer's proxy statement filed with the Securities and Exchange Commission on March 9, 2016.
- [F2]Pursuant to the terms of the Merger Agreement, at the Effective Time (as defined in the Merger Agreement), each outstanding share of the issuer's common stock owned by the reporting person immediately prior to the Effective Time was cancelled and converted into the right to receive $10.00 in cash (the "per share merger consideration"), without interest and less any applicable withholding taxes.
- [F3]Pursuant to the terms of the Merger Agreement, at the Effective Time, each stock option held by the reporting person immediately prior to the Effective Time, (which vested in three equal annual installments from December 14, 2010 to December 14, 2012) was cancelled and converted into the right to receive an amount in cash, without interest, determined by multiplying (i) the excess of the per share merger consideration over the exercise price of such stock option by (ii) the number of shares of common stock underlying the stock option, less any applicable withholding taxes.
- [F4]Pursuant to the terms of the Merger Agreement, at the Effective Time, each restricted stock unit with respect to the issuer's common stock held by the reporting person immediately prior to the Effective Time (which were granted on March 11, 2014 or March 17, 2015) was cancelled and converted into the right to receive the per share merger consideration, without interest and less any applicable withholding taxes.
Documents
Issuer
BLOUNT INTERNATIONAL INC
CIK 0001001606
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001001606
Filing Metadata
- Form type
- 4
- Filed
- Apr 13, 8:00 PM ET
- Accepted
- Apr 14, 12:23 PM ET
- Size
- 10.8 KB