4//SEC Filing
Zep Inc. 4
Accession 0001104659-15-048929
CIK 0001408287operating
Filed
Jun 29, 8:00 PM ET
Accepted
Jun 30, 5:11 PM ET
Size
15.1 KB
Accession
0001104659-15-048929
Insider Transaction Report
Form 4
Zep Inc.ZEP
NICHOLS STEVEN E
SVP & Chief Commercial Officer
Transactions
- Disposition to Issuer
Share Units
2015-06-26−2,102→ 0 total→ Common Stock (2,102 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2015-06-26−11,420→ 0 totalExercise: $13.67Exp: 2024-09-30→ Common Stock (11,420 underlying) - Disposition to Issuer
Performance Share Units
2015-06-26−9,231→ 0 total→ Common Stock (9,231 underlying) - Disposition to Issuer
Performance Share Units
2015-06-26−11,055→ 0 total→ Common Stock (11,055 underlying) - Disposition to Issuer
Common Stock
2015-06-26−80,140→ 0 total
Footnotes (5)
- [F1]Disposed of pursuant to an agreement and plan of merger dated April 7, 2015 by and among issuer, NM Z Parent, Inc. and NM Z Merger Sub Inc. (the "Merger") in which the issuer's common stock holders, as of the effective time of the Merger, June 26, 2015, were entitled to receive the merger consideration of $20.05 per common share.
- [F2]This option, which provided for vesting in four equal annual installments on October 1 in each of 2015, 2016, 2017 and 2018, was cancelled in the Merger in exchange for a cash payment of $72,859.60, representing the difference between the exercise price of the option and the merger consideration of $20.05 per share.
- [F3]This performance-based award originally provided for vesting based upon issuer's achievement of targeted financial performance in 2014, 2015 and 2016, subject to payout at the target level (9,231 shares) upon a change in control. Pursuant to the Merger, the award was cancelled in exchange for a cash payment equal to the merger consideration of $20.05 per share multiplied by the number of shares underlying the award at target level, or $185,081.55.
- [F4]This performance-based award originally provided for vesting based upon issuer's achievement of targeted financial performance in 2015, 2016 and 2017, subject to payout at the target level (11,055 shares) upon a change in control. Pursuant to the Merger, the award was cancelled in exchange for a cash payment equal to the merger consideration of $20.05 per share multiplied by the number of shares underlying the award at target level, or $221,652.75.
- [F5]Share units outstanding under the Zep Inc. Supplemental Deferred Savings Plan ("SDSP") were cancelled pursuant to the Merger in exchange for a cash payment equal to the number of units multiplied by the merger consideration of $20.05. Distributions in the SDSP will occur at such time as a participant terminates employment from Zep Inc. (the surviving entity in the Merger).
Documents
Issuer
Zep Inc.
CIK 0001408287
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001408287
Filing Metadata
- Form type
- 4
- Filed
- Jun 29, 8:00 PM ET
- Accepted
- Jun 30, 5:11 PM ET
- Size
- 15.1 KB