4//SEC Filing
CLIFFORD STEVEN A 4
Accession 0001140361-11-010093
CIK 0000098537other
Filed
Feb 15, 7:00 PM ET
Accepted
Feb 16, 11:34 AM ET
Size
10.1 KB
Accession
0001140361-11-010093
Insider Transaction Report
Form 4
CLIFFORD STEVEN A
Director
Transactions
- Disposition to Issuer
Todd Shipyards Corp Common Stock
2011-02-15−17,400→ 0 total - Disposition to Issuer
Todd Stock Settled Appreciation Rights
2011-02-15$7.09/sh−2,000$14,180→ 0 totalExercise: $15.18→ Common Stock (2,000 underlying) - Disposition to Issuer
Todd Stock Settled Appreciation Rights
2011-02-15$5.29/sh−2,000$10,580→ 0 totalExercise: $16.98→ Common Stock (2,000 underlying)
Footnotes (2)
- [F1]Disposed of in connection with the merger of the Issuer with Vigor Industrial LLC, effective February 15, 2011 (the "Merger"), pursuant to the Agreement and Plan of Merger, dated December 22, 2010 (the "Merger Agreement"), among the Issuer, Vigor Industrial LLC, and Nautical Miles, Inc., pursuant to which each issued and outstanding share of the Issuer's common stock owned immediately prior to the effective time of the Merger was exchanged for the right to receive $22.27 per share in cash, without interest and subject to any required withholding of taxes, less, in the case of stock options, the per share exercise price of the option.
- [F2]Pursuant to the Merger Agreement, the SSARs were cancelled in connection with the Merger in exchange for a cash payment representing the amount equal to the number of shares of the Issuer's common stock underlying the SSARs, multiplied by the difference between the per share exercise price and the per share merger consideration of $22.27, without interest and subject to any required withholding of taxes.
Documents
Issuer
TODD SHIPYARDS CORP
CIK 0000098537
Entity typeother
Related Parties
1- filerCIK 0001410592
Filing Metadata
- Form type
- 4
- Filed
- Feb 15, 7:00 PM ET
- Accepted
- Feb 16, 11:34 AM ET
- Size
- 10.1 KB