Volcom Inc 4
4 · Volcom Inc · Filed Jun 23, 2011
Insider Transaction Report
Form 4
Volcom IncVLCM
PPR S.A.
10% Owner
Transactions
- Purchase
Common Stock, par value $0.001 per share
2011-06-22$24.50/sh+3,692,991$90,478,280→ 21,379,147 total(indirect: See footnote) - Purchase
Common Stock, par value $0.001 per share
2011-06-16$24.50/sh+17,686,156$433,310,822→ 17,686,156 total(indirect: See footnote) - Purchase
Common Stock, par value $0.001 per share
2011-06-23$24.50/sh+15,256,551$373,785,500→ 36,635,698 total(indirect: See footnote) - Purchase
Common Stock, par value $0.001 per share
2011-06-23$24.50/sh+3,075,463$75,348,844→ 100 total(indirect: See footnote)
Footnotes (7)
- [F1]This form is a joint filing by PPR S.A. ("PPR") and Transfer Holding, Inc., an indirect wholly owned subsidiary of PPR ("Transfer").
- [F2]Shares of Common Stock, par value $0.001 per share (the "Shares"), of Volcom, Inc. ("Volcom") acquired during the initial offering period of the tender offer effected pursuant to the Agreement and Plan of Merger, dated as of May 2, 2011 (the "Merger Agreement"), by and among PPR, Transfer and Volcom (such tender offer, the "Offer").
- [F3]Shares were held by Transfer. As Transfer is an indirect wholly owned subsidiary of PPR, PPR may be deemed to have acquired indirect beneficial ownership of such Shares.
- [F4]Shares of Volcom acquired during the subsequent offering period of the Offer.
- [F5]Shares acquired pursuant to the exercise of "top-up" option to purchase additional shares from Volcom, at $24.50 per share, under the terms of the Merger Agreement.
- [F6]Reflects all of the outstanding Shares of Volcom not tendered in the Offer, which may be deemed to have been acquired by PPR and Transfer pursuant to the consummation of the Merger (as defined below).
- [F7]Following the exercise of the "top-up" option, Transfer was merged with and into Volcom, with Volcom surviving the Merger as an indirect wholly owned subsidiary of PPR pursuant to a "short-form merger" under Delaware law (the "Merger"). At the effective time of the Merger, all of Volcom's previously outstanding stock held by PPR and Transfer were cancelled, and each share of Transfer was converted into a share of the surviving company's stock. Prior to the Merger, PPR may be deemed to have indirectly held 100 shares of Transfer, which represented all of the issued and outstanding capital stock of Transfer.