4//SEC Filing
PENN ENGINEERING & MANUFACTURING CORP 4
Accession 0001116502-05-001271
CIK 0000077106operating
Filed
May 30, 8:00 PM ET
Accepted
May 31, 8:48 AM ET
Size
22.6 KB
Accession
0001116502-05-001271
Insider Transaction Report
Form 4
SARNESE WILLIAM E
Corporate Controller
Transactions
- Disposition to Issuer
Common Stock, $.01 par value
2005-05-25−818,003→ 0 total - Disposition to Issuer
Employee Stock Option
2005-05-25−7,600→ 0 totalExercise: $9.19From: 1997-12-04Exp: 2006-12-04→ Common Stock (7,600 underlying) - Disposition to Issuer
Employee Stock Option
2005-05-25−15,000→ 0 totalExercise: $12.81From: 1998-12-16Exp: 2007-12-12→ Common Stock (15,000 underlying)
Footnotes (2)
- [F1]Sale of Stock: Pursuant to the Agreement and Plan of Merger, dated as of January 17, 2005, as amended as of May 10, 2005, by and among PEM Holding Co., PN Merger Sub, Inc. and Penn Engineering & Manufacturing Corp. (the &Company&), each issued and outstanding share of the Company's common stock and class A common stock has been converted as of the effective time of the merger into the right to receive $18.25 in cash, without interest, except for shares for which appraisal rights have been perfected under Delaware law.
- [F2]Cash-Out of Stock Options: Pursuant to the Agreement and Plan of Merger, dated as of January 17, 2005, as amended as of May 10, 2005, by and among PEM Holding Co., PN Merger Sub, Inc. and Penn Engineering & Manufacturing Corp. (the &Company&), this option was canceled in exchange for a cash payment of $18.25 by the Company, representing the difference between the exercise price of the option and the $18.25 per share merger consideration.
Documents
Issuer
PENN ENGINEERING & MANUFACTURING CORP
CIK 0000077106
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000077106
Filing Metadata
- Form type
- 4
- Filed
- May 30, 8:00 PM ET
- Accepted
- May 31, 8:48 AM ET
- Size
- 22.6 KB