4//SEC Filing
B/E AEROSPACE INC 4
Accession 0001127602-17-014830
CIK 0000861361operating
Filed
Apr 16, 8:00 PM ET
Accepted
Apr 17, 2:08 PM ET
Size
8.0 KB
Accession
0001127602-17-014830
Insider Transaction Report
Form 4
VanDeWeghe Mary M
Director
Transactions
- Disposition to Issuer
Common Stock
2017-04-13−12,290→ 0 total - Award
Common Stock
2017-04-13+563→ 12,290 total
Footnotes (2)
- [F1]Fractional amounts have been rounded to the nearest whole number.
- [F2]In connection with the acquisition of B/E Aerospace, Inc. ("B/E Aerospace") by Rockwell Collins, Inc. ("Rockwell Collins"), pursuant to the Agreement and Plan of Merger, dated as of October 23, 2016, by and among B/E Aerospace, Rockwell Collins, and Quarterback Merger Sub Corp., (the "Merger Agreement") on April 13, 2017, the reporting person received $34.10 in cash, 0.3101 of a share of Rockwell Collins common stock, and cash in lieu of any fractional shares (collectively, the "Merger Consideration") for each share of B/E Aerospace common stock, other than restricted stock awards, owned by the reporting person. All terms capitalized but not defined shall have the meaning given to them in the Merger Agreement. Pursuant to the Merger Agreement: (i) each unvested restricted stock award became fully vested immediately prior to the Effective Time, and was then immediately cancelled thereafter in exchange for the right to receive a cash payment equal to the Merger Consideration multiplied by the number of shares subject to each such restricted stock award; (ii) each outstanding deferred share unit immediately prior to the Effective Time was converted into the right to receive the Merger Consideration at the Effective Time; and (iii) each restricted stock unit became fully vested immediately prior to the Effective Time and settled in cash. This amount represented, as of immediately prior to the Effective Time, 1,778 shares of common stock held by the reporting person that were not subject to an equity award, approximately 8,250 shares subject to deferral under the Non-Employee Directors Plan, 1,374 shares subject to outstanding restricted stock awards, and 889 shares subject to restricted stock unit awards. The exact number of shares subject to deferral may vary slightly due to rounding and accumulation of fractional shares.
Documents
Issuer
B/E AEROSPACE INC
CIK 0000861361
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000861361
Filing Metadata
- Form type
- 4
- Filed
- Apr 16, 8:00 PM ET
- Accepted
- Apr 17, 2:08 PM ET
- Size
- 8.0 KB