4//SEC Filing
ELECSYS CORP 4
Accession 0001140361-15-002735
CIK 0000914398operating
Filed
Jan 25, 7:00 PM ET
Accepted
Jan 26, 4:50 PM ET
Size
14.6 KB
Accession
0001140361-15-002735
Insider Transaction Report
Form 4
ELECSYS CORPESYS
DANIELS TODD A
Vice President and CFO
Transactions
- Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-01-22−10,000→ 0 totalExercise: $5.11Exp: 2021-06-02→ Common Stock (10,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-01-22−15,000→ 0 totalExercise: $3.66Exp: 2016-05-18→ Common Stock (15,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-01-22−10,000→ 0 totalExercise: $5.86Exp: 2023-05-31→ Common Stock (10,000 underlying) - Disposition to Issuer
Common Stock
2015-01-22−62,224→ 0 total - 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)
Footnotes (5)
- [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 May 18, 2007, was cancelled in the merger in exchange for a cash payment of $207,600, 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 2, 2012, was cancelled in the merger in exchange for a cash payment of $123,900, 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 May 31, 2014, was cancelled in the merger in exchange for a cash payment of $116,400, 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 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.
Documents
Issuer
ELECSYS CORP
CIK 0000914398
Entity typeoperating
IncorporatedKS
Related Parties
1- filerCIK 0000914398
Filing Metadata
- Form type
- 4
- Filed
- Jan 25, 7:00 PM ET
- Accepted
- Jan 26, 4:50 PM ET
- Size
- 14.6 KB