PALL CORP 4
4 · PALL CORP · Filed Aug 31, 2015
Insider Transaction Report
Form 4
PALL CORPPLL
HOFFMAN RONALD L
Director
Transactions
- Disposition to Issuer
Common Stock
2015-08-31$127.20/sh−5,933$754,678→ 0 total - Disposition to Issuer
Common Stock
2015-08-31$127.20/sh−14,118.608$1,795,887→ 0 total - Disposition to Issuer
Director Stock Option (Right to Buy)
2015-08-31−3,000→ 0 totalExercise: $24.28From: 2009-11-19Exp: 2015-11-19→ Common Stock (3,000 underlying)
Footnotes (3)
- [F1]Pursuant to the Agreement and Plan of Merger, dated May 12, 2015 (the "Merger Agreement"), among Pall Corporation ("Pall"), Danaher Corporation ("Danaher") and Pentagon Merger Sub, Inc., an indirect wholly owned subsidiary of Danaher ("Merger Sub"),as of the effective time of the merger of Pall and Merger Sub, these restricted stock units ("RSUs") were converted into the right to receive a cash payment equal to the per share merger consideration of $127.20.
- [F2]Pursuant to the Merger Agreement, at the effective time of the merger, these shares were converted into the right to receive a cash payment equal to the per share merger consideration of $127.20.
- [F3]This option grant, which vested ratably over four years commencing on November 19, 2009, was canceled pursuant to the Merger Agreement in exchange for a cash payment of $308,760 (less any required withholding taxes), which represents the amount equal to the number of shares of Pall common stock underlying the option multiplied by the difference between the per share exercise price and the per share merger consideration of $127.20