SEALY CORP 4
4 · SEALY CORP · Filed Mar 21, 2013
Insider Transaction Report
Form 4
NORRIS PAUL J
Director
Transactions
- Disposition to Issuer
Restricted Stock Units 4/18/2012
2013-03-18$2.20/sh−26,432$58,150→ 0 total→ Common Stock (26,432 underlying) - Disposition to Issuer
Restricted Stock Units 5/2/2011
2013-03-18$2.20/sh−23,007$50,615→ 0 total→ Common Stock (23,007 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represented a contingent right to receive one share of Sealy Corporation common stock.
- [F2]Grants shall vest if the grantee remains a director until the earlier of the first anniversary of the grant date or the company's next annual shareholder's meeting. The shares shall be release upon the grantee's leaving the company's board of directors.
- [F3]The restricted stock units do not have an expiration date.
- [F4]Restricted stock units which were cancelled in exchange for the right to receive $2.20 per share in cash pursuant to the Merger Agreement. These restricted stock units vested automatically immediately prior to the consummation of the merger on March 18, 2013 in accordance with the terms of the Merger Agreement.