INTERNATIONAL GAME TECHNOLOGY 4
4 · INTERNATIONAL GAME TECHNOLOGY · Filed Apr 9, 2015
Insider Transaction Report
Form 4
CHAFFIN JANICE
Director
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2015-04-07−11,000→ 0 totalExercise: $16.17Exp: 2021-03-01→ Common Stock (11,000 underlying) - Disposition to Issuer
Common Stock
2015-04-07−49,071→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2015-04-07−10,000→ 0 totalExercise: $14.37Exp: 2020-09-29→ Common Stock (10,000 underlying)
Footnotes (4)
- [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 option vested in three equal annual installments commencing on September 29, 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 over the exercise price per share of IGT common stock subject to such cancelled option, without interest.
- [F4]The option vested on March 1, 2012.