HASTINGS ENTERTAINMENT INC 4
4 · HASTINGS ENTERTAINMENT INC · Filed Jul 18, 2014
Insider Transaction Report
Form 4
VAN ONGEVALLE ALAN
Senior VP of Merchandising
Transactions
- Disposition to Issuer
Common Stock (Right to Buy)
2012-12-07+30,000→ 0 totalExercise: $2.05→ Common Stock (30,000 underlying) - Disposition to Issuer
Common Stock
2014-07-15$271236.00/sh−90,412$24,522,989,232→ 0 total - Disposition to Issuer
Common Stock
2014-07-15$19626.00/sh−6,542$128,393,292→ 0 total(indirect: by Associate Stock Option Plan) - Disposition to Issuer
Common Stock (Right to Buy)
2010-12-02+35,000→ 0 totalExercise: $6.45→ Common Stock (35,000 underlying) - Disposition to Issuer
Common Stock (Right to Buy)
2009-12-04+25,000→ 0 totalExercise: $4.25→ Common Stock (25,000 underlying) - Disposition to Issuer
Common Stock (Right to Buy)
2008-12-05+25,000→ 0 totalExercise: $1.69→ Common Stock (25,000 underlying) - Disposition to Issuer
Common Stock
2014-07-15$207.00/sh−69$14,283→ 0 total(indirect: By 401(k))
Footnotes (4)
- [F1]Disposed of pursuant to Agreement and Plan of Merger, dated as of March 17, 2014, by and among Hastings Entertainment, Inc. ("Hastings"), Draw Another Circle, LLC and Hendrix Acquisition Corp. (the "Merger Agreement"), whereby each such share of Hastings Common Stock was converted into the right to receive $3.00, in cash and without interest.
- [F2]Pursuant to the Merger Agreement, all options to purchase Hastings Common Stock that were issued by Hastings were cancelled and terminated immediately upon the effective time of the Merger contemplated therein and, to the extent any such option was vested as of such effective time and had an exercise price of less than $3.00 per share, the holder of such option is entitled to receive an amount equal to the difference between $3.00 and the exercise price of such option multiplied by the number of Hastings Common Stock subject to such option, which amount shall be payable in cash and without interest. Notwithstanding the foregoing, all such options held by John Marmaduke, Dan Crow or Alan Van Ongevalle shall be cancelled and terminated without consideration, regardless of exercise price or vesting.
- [F3]Options vest 20% on each anniversary of the grant date.
- [F4]Options expire on the 10 year anniversary of the grant date.