ANDERSON J MICHAEL 4
4 · LAYNE CHRISTENSEN CO · Filed Jun 14, 2018
Insider Transaction Report
Form 4
ANDERSON J MICHAEL
CFO and Senior Vice President
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2018-06-14−10,000→ 0 total→ Common Stock (10,000 underlying) - Disposition to Issuer
Restricted Stock Units
2018-06-14−21,591→ 0 total→ Common Stock (21,591 underlying) - Disposition to Issuer
Restricted Stock Units
2018-06-14−25,212→ 0 total→ Common Stock (25,212 underlying) - Disposition to Issuer
Performance Restricted Stock Units
2018-06-14−61,728→ 0 total→ Common Stock (61,728 underlying) - Disposition to Issuer
Performance Restricted Stock Units
2018-06-14−59,881→ 0 total→ Common Stock (59,881 underlying) - Disposition to Issuer
Common Stock
2018-06-14−9,000→ 0 total - Disposition to Issuer
Performance Restricted Stock Units
2018-06-14−48,511→ 0 total→ Common Stock (48,511 underlying)
Footnotes (7)
- [F1]Disposed of pursuant to merger agreement between issuer and Granite Construction Incorporated ("Granite") in exchange for 2,430 shares of Granite common stock having a market value of $58.11 per share on the effective date of the merger.
- [F2]These performance restricted stock units were canceled in the merger in exchange for a cash payment of $962,827.17.
- [F3]This option, which provided for performance vesting, was canceled in the merger in exchange for a cash payment of $69,979.00, 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).
- [F4]These performance restricted stock units were canceled in the merger in exchange for a cash payment of $756,669.73.
- [F5]These restricted stock units were canceled in the merger in exchange for a cash payment of $336,774.26.
- [F6]These restricted stock units were canceled in the merger in exchange for a cash payment of $393,254.25.
- [F7]These performance restricted stock units were canceled in the merger in exchange for a cash payment of $934,017.85.