4//SEC Filing
WALDRON KIRK A 4
Accession 0001137638-05-000053
CIK 0000026987other
Filed
Feb 1, 7:00 PM ET
Accepted
Feb 2, 6:48 PM ET
Size
21.9 KB
Accession
0001137638-05-000053
Insider Transaction Report
Form 4
WALDRON KIRK A
Sr. Vice Pres. and CFO
Transactions
- Exercise/Conversion
Common Stock
2005-01-31$5.80/sh+20,000$116,000→ 20,000 total - Exercise/Conversion
Common Stock
2005-01-31$7.60/sh+10,000$76,000→ 30,000 total - Exercise/Conversion
Common Stock
2005-01-31$0.70/sh+3,750$2,625→ 33,750 total - Disposition to Issuer
Common Stock
2005-01-31−33,750→ 0 total - Exercise/Conversion
Stock Option (Right to Buy)
2005-01-31−20,000→ 0 totalExercise: $5.80Exp: 2011-05-09→ Common Stock (20,000 underlying) - Exercise/Conversion
Stock Option (Right to Buy)
2005-01-31−10,000→ 0 totalExercise: $7.60Exp: 2011-08-31→ Common Stock (10,000 underlying) - Exercise/Conversion
Stock Option (Right to Buy)
2005-01-31−3,750→ 11,250 totalExercise: $0.70Exp: 2013-06-27→ Common Stock (3,750 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2005-01-31−11,250→ 0 totalExercise: $0.70Exp: 2013-06-27→ Common Stock (11,250 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2005-01-31−10,000→ 0 totalExercise: $6.92Exp: 2014-07-27→ Common Stock (10,000 underlying)
Footnotes (3)
- [F1]Disposed of upon effectiveness of merger (the ''Merger''), pursuant to merger agreement between issuer and CTS Corporation ("CTS"), in exchange for right to receive $10.725 in cash and $3.5309 in CTS common stock for each share of Issuer's common stock held by the reporting person on January 31, 2005, the effective date of the Merger.
- [F2]Option vests 25% on each of the first and second anniversaries of grant date and 50% on the third anniversary of grant date.
- [F3]This option, which provided for 25% vesting on each of the 1st and 2nd anniversaries of the date of grant and 50% vesting on the third anniversary of the date of grant, was canceled in a merger between the Issuer and CTS Corporation (the "Merger") in exchange for a cash payment in an amount equal to (a) the total number of vested and unvested option shares multiplied by (b) an amount equal to the difference between $14.26 per (the cash value of the consideration recevied by the issuer's shareholders per share) and the exercise price per share for each outstanding option on January 31, 2005, the effective date of the Merger.
Documents
Issuer
SMTEK INTERNATIONAL INC
CIK 0000026987
Entity typeother
Related Parties
1- filerCIK 0001216585
Filing Metadata
- Form type
- 4
- Filed
- Feb 1, 7:00 PM ET
- Accepted
- Feb 2, 6:48 PM ET
- Size
- 21.9 KB