4//SEC Filing
HUTCHINSON TECHNOLOGY INC 4
Accession 0001127602-16-064271
CIK 0000772897operating
Filed
Oct 4, 8:00 PM ET
Accepted
Oct 5, 1:33 PM ET
Size
16.6 KB
Accession
0001127602-16-064271
Insider Transaction Report
Form 4
SORAN PHILIP
Director
Transactions
- Disposition to Issuer
Common Stock
2016-10-05$4.00/sh−75,197$300,788→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2016-10-05−5,000→ 0 totalExercise: $3.88Exp: 2024-01-30→ Common Stock (5,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2016-10-05−3,333→ 0 totalExercise: $2.82Exp: 2023-01-30→ Common Stock (3,333 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2016-10-05−2,500→ 0 totalExercise: $1.76Exp: 2021-10-07→ Common Stock (2,500 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2016-10-05−10,000→ 0 totalExercise: $3.50Exp: 2025-01-29→ Common Stock (10,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2016-10-05−1,666→ 0 totalExercise: $1.53Exp: 2022-01-25→ Common Stock (1,666 underlying)
Footnotes (6)
- [F1]Price reflects per share consideration paid pursuant to the Agreement and Plan of Merger, dated November 1, 2015 (the "Merger Agreement"), by and among Hutchinson Technology Incorporated, Headway Technologies, Inc. and Hydra Merger Sub, Inc.
- [F2]These stock options, which provided for vesting in two equal installments beginning on the first anniversary of the date of grant, were canceled pursuant to the terms of the Merger Agreement in exchange for a cash payment of $4.00 less the per share exercise price multiplied by the number of unexercised options, without interest.
- [F3]These stock options, which became exercisable on January 25, 2014, were canceled pursuant to the terms of the Merger Agreement in exchange for a cash payment of $4.00 less the per share exercise price multiplied by the number of unexercised options, without interest.
- [F4]These stock options, which became exercisable on January 30, 2014, were canceled pursuant to the terms of the Merger Agreement in exchange for a cash payment of $4.00 less the per share exercise price multiplied by the number of unexercised options, without interest.
- [F5]These stock options, which provided for vesting in three equal installments beginning on the first anniversary of the date of grant, were canceled pursuant to the terms of the Merger Agreement in exchange for a cash payment of $4.00 less the per share exercise price multiplied by the number of unexercised options, without interest.
- [F6]These stock options, which provided for vesting in three equal installments beginning on the first anniversary of the date of grant, were canceled pursuant to the terms of the Merger Agreement in exchange for a cash payment of $4.00 less the per share exercise price multiplied by the number of unexercised options, without interest.
Documents
Issuer
HUTCHINSON TECHNOLOGY INC
CIK 0000772897
Entity typeoperating
IncorporatedMN
Related Parties
1- filerCIK 0000772897
Filing Metadata
- Form type
- 4
- Filed
- Oct 4, 8:00 PM ET
- Accepted
- Oct 5, 1:33 PM ET
- Size
- 16.6 KB