ELECSYS CORP 4
4 · ELECSYS CORP · Filed Jan 26, 2015
Insider Transaction Report
Form 4
ELECSYS CORPESYS
HUGHES DANIEL LEE
VP of Engineering
Transactions
- Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-01-22−6,000→ 0 totalExercise: $5.86Exp: 2023-05-31→ Common Stock (6,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-01-22−5,000→ 0 totalExercise: $12.44Exp: 2024-05-23→ Common Stock (5,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-01-22−15,000→ 0 totalExercise: $4.35Exp: 2022-05-22→ Common Stock (15,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-01-22−5,000→ 0 totalExercise: $3.47Exp: 2020-01-20→ Common Stock (5,000 underlying) - Disposition to Issuer
Common Stock
2015-01-22−100→ 0 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-01-22−24,000→ 0 totalExercise: $3.04Exp: 2022-11-28→ Common Stock (24,000 underlying)
Footnotes (6)
- [F1]Disposed of pursuant to merger agreement among Elecsys Corporation, Lindsay Corporation and Matterhorn Merger Sub, Inc. in exchange for the right to receive $17.50 per share on the effective date of the merger.
- [F2]This option, which provided for vesting in three equal annual installments beginning January 21, 2011, was cancelled in the merger in exchange for a cash payment of $70,150, representing the difference between the exercise price of the option and $17.50 per share, which will be reduced by any income or employment tax required to be withheld with respect to such payment.
- [F3]This option, which provided for vesting in three equal annual installments beginning June 22, 2013, was cancelled in the merger in exchange for a cash payment of $197,250, representing the difference between the exercise price of the option and $17.50 per share , which will be reduced by any income or employment tax required to be withheld with respect to such payment.
- [F4]This option, which provided for vesting in three equal annual installments beginning November 28, 2013, was cancelled in the merger in exchange for a cash payment of $347,040, representing the difference between the exercise price of the option and $17.50 per share, which will be reduced by any income or employment tax required to be withheld with respect to such payment.
- [F5]This option, which provided for vesting in three equal annual installments beginning May 31, 2014, was cancelled in the merger in exchange for a cash payment of $69,840, representing the difference between the exercise price of the option and $17.50 per share, which will be reduced by any income or employment tax required to be withheld with respect to such payment.
- [F6]This option, which provided for vesting in three equal annual installments beginning May 23, 2015, was cancelled in the merger in exchange for a cash payment of $25,300, representing the difference between the exercise price of the option and $17.50 per share, which will be reduced by any income or employment tax required to be withheld with respect to such payment.