Swank, Inc. 4
4 · Swank, Inc. · Filed May 18, 2012
Insider Transaction Report
Form 4
Swank, Inc.SNKI
NEW SWANK INC RETIREMENT PLAN
10% Owner
Transactions
- Disposition to Issuer
Common Stock, $.10 par value per share
2012-05-17$10.00/sh−1,972,555$19,725,550→ 0 total
Footnotes (1)
- [F1]Disposed of in a transaction exempt under Section 16(b) of the Securities Exchange Act of 1934, as amended, by virtue of Rule 16b-3(e) thereunder, pursuant to an Agreement and Plan of Merger, dated as of February 3, 2012 (the "Merger Agreement"), by and among Swank, Inc. (the "Company"), Randa Accessories Leather Goods LLC ("Parent"), Swing Acquisition LLC, a wholly-owned subsidiary of Parent ("Intermediate Sub"), and Swing Merger Sub, Inc., a wholly-owned subsidiary of Intermediate Sub ("Merger Sub"). Under the Merger Agreement, Merger Sub was merged with and into the Company (the "Merger"). At the effective time of the Merger, each issued and outstanding share of the Company's common stock, was cancelled and converted automatically into the right to receive $10.00 in cash.