4//SEC Filing
INTERNATIONAL GAME TECHNOLOGY 4
Accession 0001104659-15-026831
CIK 0000353944operating
Filed
Apr 8, 8:00 PM ET
Accepted
Apr 9, 9:24 PM ET
Size
20.3 KB
Accession
0001104659-15-026831
Insider Transaction Report
Form 4
Tom Eric P
EVP Sales & Marketing
Transactions
- Disposition to Issuer
Restricted Stock Units
2015-04-07−27,540→ 0 total→ Common Stock (27,540 underlying) - Disposition to Issuer
Common Stock
2015-04-07−121,786→ 0 total - Disposition to Issuer
Restricted Stock Units
2015-04-07−13,015→ 0 total→ Common Stock (13,015 underlying) - Disposition to Issuer
Restricted Stock Units
2015-04-07−12,409→ 0 total→ Common Stock (12,409 underlying) - Disposition to Issuer
Restricted Stock Units
2015-04-07−11,250→ 0 total→ Common Stock (11,250 underlying) - Disposition to Issuer
Stock Option (right to buy)
2015-04-07−141,000→ 0 totalExercise: $14.01Exp: 2020-10-04→ Common Stock (141,000 underlying) - Disposition to Issuer
Restricted Stock Units
2015-04-07−55,061→ 0 total→ Common Stock (55,061 underlying)
Footnotes (9)
- [F1]Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of July 15, 2014, by and among IGT, GTECH S.p.A., GTECH Corporation, International Game Technology PLC (formerly known as Georgia Worldwide Limited) ("Holdco") and Georgia Worldwide Corporation ("Sub"), pursuant to which, among other things, Sub merged with and into IGT, with IGT surviving as a wholly owned subsidiary of Holdco (the "Merger"), at the effective time of the Merger, each share of IGT common stock was converted into the right to receive $14.3396 in cash plus 0.1819 ordinary shares of Holdco, and each such share of IGT common stock was cancelled and ceased to exist.
- [F2]The options vested in four equal annual installments commencing on October 4, 2011.
- [F3]Pursuant to the Merger Agreement, immediately prior to the effective time of the Merger, the options to purchase shares of IGT common stock were cancelled and, in exchange therefor, the holder of each such cancelled option was entitled to receive a payment in cash of an amount equal to the product of (i) the total number of shares of IGT common stock subject to such cancelled option and (ii) the excess, if any, of $18.0209 (the "Cash Amount") over the exercise price per share of IGT common stock subject to such cancelled option, without interest.
- [F4]Each restricted stock unit ("RSU") represents a contingent right to receive one share of IGT common stock.
- [F5]The RSUs were originally to vest in full on December 16, 2015.
- [F6]Immediately prior to the effective time of the Merger, the RSUs were fully vested and cancelled and, in exchange therefor, each holder of any such cancelled RSU was entitled to receive, in consideration of the cancellation of such RSU and in settlement therefor, the Cash Amount for each share of IGT common stock subject to such RSU.
- [F7]The RSUs were originally contingent on the achievement of certain performance objectives by IGT over a period of three years.
- [F8]The RSUs were originally to vest in full on December 13, 2015 and December 13, 2016.
- [F9]The RSUs were originally to vest in full on December 13, 2015, December 13, 2016 and December 13, 2017.
Documents
Issuer
INTERNATIONAL GAME TECHNOLOGY
CIK 0000353944
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0000353944
Filing Metadata
- Form type
- 4
- Filed
- Apr 8, 8:00 PM ET
- Accepted
- Apr 9, 9:24 PM ET
- Size
- 20.3 KB