4//SEC Filing
BLUE NILE INC 4
Accession 0001091171-17-000022
CIK 0001091171operating
Filed
Feb 16, 7:00 PM ET
Accepted
Feb 17, 5:12 PM ET
Size
13.8 KB
Accession
0001091171-17-000022
Insider Transaction Report
Form 4
BLUE NILE INCNILE
KANTER HARVEY S
DirectorCEO
Transactions
- Tax Payment
Common Stock
2017-02-15$40.72/sh−5,403$220,010→ 168,316 total - Disposition to Issuer
Stock Option (Right to Buy)
2017-02-17−33,130→ 0 totalExercise: $33.25Exp: 2024-02-14→ Common Stock (33,130 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2017-02-17−154,500→ 0 totalExercise: $33.30Exp: 2022-03-29→ Common Stock (154,500 underlying) - Disposition to Issuer
Common Stock
2017-02-17−168,316→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2017-02-17−26,774→ 0 totalExercise: $31.31Exp: 2023-02-14→ Common Stock (26,774 underlying)
Footnotes (5)
- [F1]The reported shares were withheld to cover the reporting person's tax liability in connection with the vesting of restricted stock units previously reported. These shares were not issued to or sold by the reporting person.
- [F2]Includes vested and unvested units of restricted stock.
- [F3]Pursuant to the agreement and plan of merger dated as of November 6, 2016 ("Merger Agreement"), by and among the issuer, Blue Nile, Inc., a Delaware corporation, BC Cyan Parent Inc., a Delaware corporation, and BC Cyan Acquisition Inc., a Delaware corporation and a wholly-owned subsidiary of BC Cyan Parent Inc., at the Effective Time (as defined in the Merger Agreement), each outstanding share of common stock and restricted stock unit owned by the reporting person was cancelled and converted into the right to receive $40.75 (the "Per Share Price") less any required withholding taxes.
- [F4]The reporting person will receive an additional amount in cash equivalent to 21.16 shares due to dividend equivalents.
- [F5]Pursuant to the Merger Agreement, at the Effective Time, each outstanding stock option owned by the reporting person that has an exercise price per share of common stock underlying the stock option that is less than the Per Share Price will be cancelled and converted into the right to receive an amount in cash, less any required withholding taxes, determined by multiplying (a) the excess of the Per Share Price over the exercise price of such stock option by (b) the number of shares of common stock underlying the stock option.
Documents
Issuer
BLUE NILE INC
CIK 0001091171
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001091171
Filing Metadata
- Form type
- 4
- Filed
- Feb 16, 7:00 PM ET
- Accepted
- Feb 17, 5:12 PM ET
- Size
- 13.8 KB