SLAVEN MARK 4
4 · METALS USA HOLDINGS CORP. · Filed Apr 15, 2013
Insider Transaction Report
Form 4
SLAVEN MARK
Director
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2013-04-12$7.48/sh−15,000$112,200→ 0 totalExercise: $13.17Exp: 2020-09-13→ Common Stock (15,000 underlying) - Disposition to Issuer
Common Stock
2013-04-12$20.65/sh−8,400$173,460→ 8,400 total - Disposition to Issuer
Stock Option (Right to Buy)
2013-04-12$9.40/sh−10,000$94,000→ 0 totalExercise: $11.25Exp: 2022-01-01→ Common Stock (10,000 underlying)
Footnotes (2)
- [F1]Pursuant to the terms of the Agreement and Plan of Merger, dated as of February 6, 2013, by and among Reliance Steel & Aluminum Co. ("Reliance"), Metals USA Holdings Corp. ("Metals USA") and RSAC Acquisition Corp., a wholly-owned subsidiary of Reliance (the "Merger Agreement"), each share of Metals USA common stock owned by the reporting person immediately prior to the effective time of the Merger (as defined in the Merger Agreement) converted at the effective time into the right to receive $20.65 in cash.
- [F2]Pursuant to the terms of the Merger Agreement, each option to purchase Metals USA common stock owned by the reporting person, whether vested or unvested, that was outstanding immediately prior to the effective time of the Merger converted into the right to receive an amount in cash equal to the product of the number of shares of Metals USA common stock subject to the option and the excess, if any, of $20.65 over the exercise price per share of such option, less any required withholding taxes.