Mead Johnson Nutrition Co 4
4 · Mead Johnson Nutrition Co · Filed Jun 15, 2017
Insider Transaction Report
Form 4
GROBSTEIN MICHAEL
Director
Transactions
- Disposition to Issuer
Common Stock
2017-06-15$90.00/sh−8,197$737,730→ 0 total - Disposition to Issuer
Restricted Stock Units
2017-06-15$90.00/sh−1,709$153,810→ 0 total→ Common Stock (1,709 underlying)
Footnotes (3)
- [F1]Pursuant to the Agreement and Plan of Merger, dated February 10, 2017, by and among Mead Johnson Nutrition Company ("MJN"), Reckitt Benckiser Group plc, and Marigold Merger Sub, Inc. (the "Merger Agreement"), at the effective time of the merger, each share of MJN common stock held by the reporting person was converted into the right to receive a cash payment equal to $90.00 per share.
- [F2]Each restricted stock unit ("RSU") represents the contingent right to receive one share of common stock.
- [F3]This RSU was originally scheduled to vest on February 28, 2018. Pursuant to the Merger Agreement, at the effective time of the merger, the RSUs held by the reporting person vested and were cancelled in exchange for a lump-sum cash payment equal to the product of (i) the number of shares of common stock subject to such RSU immediately prior to the effective time of the merger and (ii) $90.00 per share.