REMY INTERNATIONAL, INC. 4
4 · REMY INTERNATIONAL, INC. · Filed Nov 10, 2015
Insider Transaction Report
Form 4
Pallagi Shawn
See Remarks
Transactions
- Disposition to Issuer
Stock Option (right To Purchase)
2015-11-10−15,821→ 0 totalExercise: $18.50Exp: 2020-02-21→ Common Stock (15,821 underlying) - Disposition to Issuer
Stock Option (right To Purchase)
2015-11-10−16,980→ 0 totalExercise: $21.98Exp: 2021-02-18→ Common Stock (16,980 underlying) - Disposition to Issuer
Common Stock
2015-11-10$29.50/sh−38,084$1,123,478→ 0 total - Disposition to Issuer
Stock Option (right To Purchase)
2015-11-10−27,233→ 0 totalExercise: $23.01Exp: 2022-02-23→ Common Stock (27,233 underlying)
Footnotes (2)
- [F1]Pursuant to the terms of the Agreement and Plan of Merger, dated as of July 12, 2015 (the "Merger Agreement") by and among BorgWarner Inc., Band Merger Sub, Inc. and the Issuer, each share of the Issuer's common stock (including time- and performance-based shares of restricted common stock with performance vesting conditions treated as vested at the target performance level) issued and outstanding immediately prior to the Effective Time (as defined in the Merger Agreement) was at the Effective Time converted into the right to receive $29.50 in cash, less any applicable withholding taxes.
- [F2]Pursuant to the terms of the Merger Agreement, this option to purchase the Issuer's common stock outstanding was fully vested and cancelled at the Effective Time and, in exchange therefore, the holder of such option became entitled to receive a cash payment equal to the product of (a) the total number of shares of the Issuer's common stock previously subject to such option and (b) the excess of $29.50 over the exercise price of the option, less any applicable withholding taxes.