SIMONET HELENE 4
4 · FINISAR CORP · Filed Sep 26, 2019
Insider Transaction Report
Form 4
FINISAR CORPFNSR
SIMONET HELENE
Director
Transactions
- Disposition to Issuer
Common Stock
2019-09-24$23.80/sh−12,027$286,243→ 0 total - Disposition to Issuer
Common Stock
2019-09-24$23.80/sh−29,626$705,099→ 12,027 total
Footnotes (2)
- [F1]These shares were disposed of pursuant to the Agreement and Plan of Merger by and among II-VI Incorporated ("II-VI"), Mutation Merger Sub Inc., and Finisar Corporation, dated as of November 8, 2018 (the "Merger Agreement"), whereby 29,626 of such shares were automatically cancelled and converted into the right to receive, for each such share, 0.2218 shares of II-VI common stock and $15.60 in cash.
- [F2]The remaining 12,027 of such shares consisted of unvested restricted stock units ("RSUs") granted by the issuer (each of which represented the right to receive a share of the issuer's common stock upon vesting of the unit) that, in connection with the termination of the reporting person's service with the issuer upon the closing of the Merger, were accelerated and converted into the right to receive 0.2218 shares of II-VI common stock and $15.60 in cash for each RSU. The closing price of II-VI's common stock on September 23, 2019 was $36.975 per share.