SCULLEY ANDREW GEORGE JR 4
4 · EMAGIN CORP · Filed Oct 19, 2023
Insider Transaction Report
Form 4
EMAGIN CORPEMAN
SCULLEY ANDREW GEORGE JR
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Common Stock
2023-10-18+17,128→ 339,794 total - Disposition to Issuer
Common Stock
2023-10-18$2.08/sh−339,794$706,772→ 0 total - Exercise/Conversion
Restricted Stock Units
2023-10-18−17,128→ 0 total→ Common Stock (17,128 underlying)
Footnotes (3)
- [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 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.