HUTCHINSON TECHNOLOGY INC 4
4 · HUTCHINSON TECHNOLOGY INC · Filed Oct 5, 2016
Insider Transaction Report
Form 4
RUSSOMANNO FRANK P
Director
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2016-10-05−5,000→ 0 totalExercise: $1.53Exp: 2022-01-25→ Common Stock (5,000 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
Common Stock
2016-10-05$4.00/sh−66,803$267,212→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2016-10-05−5,000→ 0 totalExercise: $2.82Exp: 2023-01-30→ Common Stock (5,000 underlying) - 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)
2016-10-05−5,000→ 0 totalExercise: $1.76Exp: 2021-10-07→ Common Stock (5,000 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 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.
- [F3]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.
- [F4]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.
- [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 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.