4//SEC Filing
FRISCHKORN DAVID E K 4
Accession 0001140361-10-019670
CIK 0000353567other
Filed
May 6, 8:00 PM ET
Accepted
May 7, 1:36 PM ET
Size
25.0 KB
Accession
0001140361-10-019670
Insider Transaction Report
Form 4
ICO INCICOC
FRISCHKORN DAVID E K
Director
Transactions
- Disposition to Issuer
Common stock (IRA Rollover)
2010-04-30−7,000→ 0 total - Disposition to Issuer
Common Stock
2010-04-30−3,000→ 0 total(indirect: By Trust) - Disposition to Issuer
Non-employee Director Stock Option (Right to Buy)
2010-04-30−5,000→ 0 totalExercise: $1.35Exp: 2012-03-18→ Common Stock (5,000 underlying) - Disposition to Issuer
Common Stock
2010-04-30−33,300→ 0 total
Footnotes (10)
- [F1]Disposed of in connection with the merger of ICO, Inc. ('ICO') with and into ICO-Schulman, LLC (f/k/a Wildcat Spider, LLC), a wholly-owned subsidiary of A. Schulman, Inc. ('A. Schulman'), which became effective on April 30, 2010 (the 'Effective Date') (the 'Merger'). In accordance with the terms of the Agreement and Plan of Merger, dated December 2, 2009, by and among A. Schulman, ICO and Wildcat-Spider, LLC (the 'Merger Agreement'), each share of ICO common stock held by the reporting person converted into the right to receive approximately (i) $3.64 in cash and (ii) 0.181816 shares of A. Schulman common stock (the 'Merger Consideration'). The closing sale price of A. Schulman common stock on the NASDAQ Global Market on the Effective Date was $26.01. Accordingly, the value of the Merger Consideration for each share of ICO common stock was approximately $8.37 ($3.64 + $4.73 = $8.37).
- [F10]In accordance with the terms of the Merger Agreement, this option, which provided vesting on September 6, 2007, was cancelled in exchange for a cash payment of $11,050.00.
- [F2]Includes 24,000 shares representing former shares of restricted stock that vested immediately prior to the effective time of the Merger and converted into the right to receive the Merger Consideration.
- [F3]David Frischkorn is the Trustee of the 1987 Present Interest Trust for Anne Eloise Frischkorn ("Trust"). Anne Eloise Frischkorn is the daughter of the Mr. Frischkorn. Mr. Frischkorn disclaims beneficial ownership of any securities held by the Trust.
- [F4]Anne E. Frischkorn, the wife of Mr. Frischkorn, is the Trustee of the 1987 Present Interest Trust for David Frischkorn, III, ("DF III Trust"). David Frischkorn, III, is the son of Mr. Frischkorn. Mr. Frischkorn disclaims beneficial ownership of any securities held by the DF III Trust.
- [F5]In accordance with the terms of the Merger Agreement, this option, which provided vesting on September 4, 2003, was cancelled in exchange for a cash payment of $34,975.00.
- [F6]In accordance with the terms of the Merger Agreement, this option, which provided vesting on September 9, 2004, was cancelled in exchange for a cash payment of $29,350.00.
- [F7]In accordance with the terms of the Merger Agreement, this option, which provided vesting on September 19, 2002, was cancelled in exchange for a cash payment of $34,200.00.
- [F8]In accordance with the terms of the Merger Agreement, this option, which provided vesting on September 18, 2005, was cancelled in exchange for a cash payment of $23,900.00.
- [F9]In accordance with the terms of the Merger Agreement, this option, which provided vesting on September 16, 2006, was cancelled in exchange for a cash payment of $18,200.00.
Documents
Issuer
ICO INC
CIK 0000353567
Entity typeother
Related Parties
1- filerCIK 0001221709
Filing Metadata
- Form type
- 4
- Filed
- May 6, 8:00 PM ET
- Accepted
- May 7, 1:36 PM ET
- Size
- 25.0 KB