4//SEC Filing
Braddom Eric 4
Accession 0001104659-23-110252
CIK 0001046995other
Filed
Oct 18, 8:00 PM ET
Accepted
Oct 19, 9:55 PM ET
Size
21.4 KB
Accession
0001104659-23-110252
Insider Transaction Report
Form 4
EMAGIN CORPEMAN
Braddom Eric
Director
Transactions
- Exercise/Conversion
Common Stock
2023-10-18+5,557→ 42,692 total - Disposition to Issuer
Stock Option (Right to Buy)
2023-10-18−73,915→ 0 totalExercise: $0.92Exp: 2026-01-03→ Common Stock (73,915 underlying) - Disposition to Issuer
Common Stock
2023-10-18$2.08/sh−42,692$88,799→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2023-10-18−21,999→ 0 totalExercise: $1.49Exp: 2025-10-12→ Common Stock (21,999 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2023-10-18−54,318→ 0 totalExercise: $0.47Exp: 2029-07-02→ Common Stock (54,318 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2023-10-18−25,000→ 0 totalExercise: $0.83Exp: 2030-07-06→ Common Stock (25,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2023-10-18−45,000→ 0 totalExercise: $0.73Exp: 2032-06-10→ Common Stock (45,000 underlying) - Exercise/Conversion
Restricted Stock Units
2023-10-18−5,557→ 0 total→ Common Stock (5,557 underlying)
Footnotes (4)
- [F1]This Form 4 reports securities disposed of pursuant to the terms of the Agreement and Plan of Merger, dated as of May 17, 2023, by and among the Issuer, Samsung Display Co., Ltd. ("Parent"), Emerald Intermediate, Inc., a wholly owned subsidiary of Parent ("Silk USA"), and Emerald Merger Sub, Inc., a wholly owned subsidiary of Silk USA ("Merger Sub"), pursuant to which Merger Sub merged with andIntermediate, Inc., a wholly owned subsidiary of Parent ("Silk USA"), and Emerald Merger Sub, Inc., a wholly owned subsidiary of Silk USA ("Merger Sub"), pursuant to which Merger Sub merged with and into the Issuer (the "Merger") effective as of October 18, 2023 (the "Effective Time") with the Issuer surviving the Merger as a wholly owned subsidiary of Parent.
- [F2]At the Effective Time, each then-outstanding restricted stock unit ("RSU") award held by the Reporting Person became fully earned and vested with respect to the maximum number of shares underlying such RSU award.
- [F3]At the Effective Time, each share of Common Stock held by the Reporting Person immediately prior to the Effective Time was converted into the right to receive $2.08 in cash, without interest.
- [F4]At the Effective Time, each then-outstanding option to purchase Common Stock that had a per share exercise price that was less than $2.08 (each, an "In-the-Money Option") was cancelled and converted into the right to receive an amount in cash equal to the product of (I) the excess, if any, of $2.08 over the applicable exercise price per share of Common Stock subject to such cancelled In-the-Money Option multiplied by (II) the aggregate number of shares of Common Stock subject to such In-the-Money Option immediately prior to the Effective Time.
Documents
Issuer
EMAGIN CORP
CIK 0001046995
Entity typeother
Related Parties
1- filerCIK 0001755004
Filing Metadata
- Form type
- 4
- Filed
- Oct 18, 8:00 PM ET
- Accepted
- Oct 19, 9:55 PM ET
- Size
- 21.4 KB