4//SEC Filing
Zep Inc. 4
Accession 0001104659-15-048931
CIK 0001408287operating
Filed
Jun 29, 8:00 PM ET
Accepted
Jun 30, 5:13 PM ET
Size
24.5 KB
Accession
0001104659-15-048931
Insider Transaction Report
Form 4
Zep Inc.ZEP
Fleck Jeffrey L
VP & Chief Supply Chain Off.
Transactions
- Disposition to Issuer
Performance Shares
2015-06-26−8,696→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2015-06-26−5,462→ 0 totalExercise: $17.65Exp: 2020-10-04→ Common Stock (5,462 underlying) - Disposition to Issuer
Performance Share Units
2015-06-26−10,973→ 0 total→ Common Stock (10,973 underlying) - Disposition to Issuer
Common Stock
2015-06-26−45,353→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2015-06-26−7,027→ 0 totalExercise: $15.18Exp: 2022-10-01→ Common Stock (7,027 underlying) - Disposition to Issuer
Performance Share Units
2015-06-26−7,692→ 0 total→ Common Stock (7,692 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2015-06-26−11,335→ 0 totalExercise: $13.67Exp: 2024-09-30→ Common Stock (11,335 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2015-06-26−6,720→ 0 totalExercise: $18.09Exp: 2021-10-09→ Common Stock (6,720 underlying) - Disposition to Issuer
Share Units
2015-06-26−2,222→ 0 total→ Common Stock (2,222 underlying)
Footnotes (9)
- [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 performance-based award originally provided for vesting based upon issuer's achievement of targeted financial performance in 2013, 2014 and 2015, subject to payout at the target level (8,696 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 $174,354.80.
- [F3]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 $72,317.30, representing the difference between the exercise price of the option and the merger consideration of $20.05 per share.
- [F4]This option, which provided for vesting in four equal annual installments on October 2 in each of 2013, 2014, 2015 and 2016, was cancelled in the Merger in exchange for a cash payment of $34,221.49, representing the difference between the exercise price of the option and the merger consideration of $20.05 per share.
- [F5]This option, which provided for vesting in four equal annual installments on October 5 in each of 2011, 2012, 2013 and 2014, was cancelled in the Merger in exchange for a cash payment of $13,108.80, representing the difference between the exercise price of the option and the merger consideration of $20.05 per share.
- [F6]This option, which provided for vesting in four equal annual installments on October 10 in each of 2012, 2013, 2014 and 2015, was cancelled in the Merger in exchange for a cash payment of $13,171.20, representing the difference between the exercise price of the option and the merger consideration of $20.05 per share.
- [F7]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 (7,692 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 $154,224.60.
- [F8]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 (10,973 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 $220,008.65.
- [F9]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, 5:13 PM ET
- Size
- 24.5 KB