4//SEC Filing
Towers Watson & Co. 4
Accession 0001127602-16-036346
CIK 0001470215operating
Filed
Jan 5, 7:00 PM ET
Accepted
Jan 6, 4:15 PM ET
Size
11.8 KB
Accession
0001127602-16-036346
Insider Transaction Report
Form 4
Morris Paul G
Managing Director, EMEA
Transactions
- Disposition to Issuer
Stock Option- Right to Buy
2016-01-04−42,609→ 0 totalExercise: $110.58From: 2018-07-01Exp: 2022-09-10→ Class A Common Stock (42,609 underlying) - Disposition to Issuer
Class A Common Stock
2016-01-04−17,359.75→ 0 total - Disposition to Issuer
Class A Common Stock
2016-01-04−5,550→ 0 total(indirect: By Spouse) - Award
Stock Option- Right to Buy
2016-01-04+15,602→ 42,609 totalExercise: $110.58From: 2018-07-01Exp: 2022-09-10→ Class A Common Stock (15,602 underlying)
Footnotes (4)
- [F1]Disposed of pursuant to an Agreement and Plan of Merger (the "Merger Agreement" and the merger contemplated thereby, the "Merger") by and Among Willis Group Holdings PLC ("Willis"), Citadel Merger Sub, Inc. and the Issuer in exchange for an equal number of Willis ordinary shares (and cash in lieu of fractional Willis ordinary shares) having a market value of $124.98 per share on the closing date of the Merger.
- [F2]The option vests in full on July 1, 2018, only if the "Effective Time" as defined in the Merger Agreement has occurred by no later than December 31, 2016 and the reporting person has remained in continuous service with the Issuer or any subsidiary through such vesting date.
- [F3]The option may be exercised at any time on or after the date of vesting until September 10, 2022, unless earlier terminated in accordance with the terms of the Towers Watson & Co. 2009 Long Term Incentive Plan or upon termination of the reporting person's service.
- [F4]This option, which would have vested in full on July 1, 2018, subject to the reporting person's continued service with the Issuer or any subsidiary through such vesting date, was assumed by Willis in the Merger and replaced with an option to purchase an equal number of Willis ordinary shares for $110.58 per ordinary share.
Documents
Issuer
Towers Watson & Co.
CIK 0001470215
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001470215
Filing Metadata
- Form type
- 4
- Filed
- Jan 5, 7:00 PM ET
- Accepted
- Jan 6, 4:15 PM ET
- Size
- 11.8 KB