PHAZAR CORP 4
4 · PHAZAR CORP · Filed Aug 2, 2013
Insider Transaction Report
Form 4
PHAZAR CORPANTP
INZER DEBORAH
chief official officer
Transactions
- Disposition to Issuer
Stock Option
2013-07-31−15,000→ 0 totalExercise: $2.28Exp: 2022-03-16→ Common Stock (15,000 underlying) - Disposition to Issuer
COMMON STOCK
2013-07-31$1.25/sh−3,000$3,750→ 0 total - Disposition to Issuer
Stock Option
2013-07-31−30,000→ 0 totalExercise: $5.70Exp: 2018-03-24→ Common Stock (30,000 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to merger agreement (the "Merger Agreement") by and among the PHAZAR CORP. (the "Issuer"), QAR Industries, Inc. ("Parent") and Antenna Products Aquisition Corp., a wholly owned subsidiary of Parent ("Merger Sub"), pursuant to which, on July 31, 2013, Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly owned subsidiary of Parent. Upon completion of the Merger, the shares converted into the right to receive $1.25 per share in cash.
- [F2]Pursuant to the Merger Agreement, the option was canceled upon completion of the Merger with no consideration paid for the option.