BUTLER SAMUEL J 4
4 · LAYNE CHRISTENSEN CO · Filed Jun 14, 2018
Insider Transaction Report
Form 4
BUTLER SAMUEL J
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2018-06-14−5,650→ 0 total→ Common Stock (5,650 underlying) - Disposition to Issuer
Stock Option (right to buy)
2018-06-14−31,056→ 0 total→ Common Stock (31,056 underlying) - Disposition to Issuer
Common Stock
2018-06-14−10,675→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2018-06-14−2,617→ 0 total→ Common Stock (2,617 underlying) - Disposition to Issuer
Stock Option (right to buy)
2018-06-14−29,874→ 0 total→ Common Stock (29,874 underlying) - Disposition to Issuer
Phantom Stock Units
2018-06-14−2,939.75→ 0 total→ Common Stock (2,939.75 underlying) - Disposition to Issuer
Stock Option (right to buy)
2018-06-14−1,413→ 0 total→ Common Stock (1,413 underlying)
Footnotes (6)
- [F1]Disposed of pursuant to merger agreement with issuer and Granite Construction Incorporated ("Granite") in exchange for 2,882.25 shares of Granite common stock having a market value of $58.11 per share on the effective date of the merger.
- [F2]These Phantom Stock Units were accrued under the Layne Christensen Company Deferred Compensation Plan for Directors and were canceled in the merger in exchange for a cash payment of $45,816.04.
- [F3]This option was canceled in the merger without consideration.
- [F4]This option was canceled in the merger in exchange for a cash payment of $323,227.74, representing the difference between the exercise price of the option and the market value of the underlying Layne common stock on the effective date of the merger ($15.5979 per share).
- [F5]This option was canceled in the merger in exchange for a cash payment of $255,658.70, representing the difference between the exercise price of the option and the market value of the underlying Layne common stock on the effective date of the merger ($15.5979 per share).
- [F6]These restricted stock units were canceled in the merger in exchange for a cash payment of $88,128.14.