NATIONAL TECHNICAL SYSTEMS INC /CA/ 4
4 · NATIONAL TECHNICAL SYSTEMS INC /CA/ · Filed Nov 26, 2013
Insider Transaction Report
Form 4
GIBBONS JOHN MERSMAN
Director
Transactions
- Disposition to Issuer
Stock Options (Right to Buy)
2013-11-22−2,500→ 0 totalExercise: $4.56Exp: 2014-06-28→ Common Stock (2,500 underlying) - Disposition to Issuer
COMMON STOCK
2013-11-22−66,944→ 0 total - Disposition to Issuer
Stock Options (Right to Buy)
2013-11-22−2,500→ 0 totalExercise: $4.41Exp: 2015-06-28→ Common Stock (2,500 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of August 15, 2013, between National Technical Systems, Inc. (the "Company"), Nest Parent, Inc. and Nest Merger Sub, Inc. (the "Merger Agreement") in exchange for a cash payment of $23.00 per share. Pursuant to the Merger Agreement, each share of restricted stock will become fully vested and disposed of in exchange for a cash payment of $23.00 per share. 3,964 of restricted stock had become fully vested.
- [F2]Pursuant to the Merger Agreement, each outstanding stock option, whether vested or unvested, was canceled and converted into the right to receive a cash payment representing the amount, if any, by which $23.00 exceeded the exercise price per share of common stock underlying such stock option.