ELECSYS CORP 4
4 · ELECSYS CORP · Filed Jan 26, 2015
Insider Transaction Report
Form 4
ELECSYS CORPESYS
OSHEIM PETER
Vice President - Sales
Transactions
- Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-01-22−10,000→ 0 totalExercise: $11.83Exp: 2013-12-11→ Common Stock (10,000 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)
Footnotes (2)
- [F1]This option, which provided for vesting in three equal annual installments beginning December 11, 2014, was cancelled in the merger in exchange for a cash payment of $56,700, 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.
- [F2]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.