ELECSYS CORP 4
4 · ELECSYS CORP · Filed Jan 26, 2015
Insider Transaction Report
Form 4
ELECSYS CORPESYS
MORGAN MICHAEL
COO-Elecsys International Corp
Transactions
- 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
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
Common Stock
2015-01-22−114,728→ 0 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-01-22−10,000→ 0 totalExercise: $3.66Exp: 2016-05-18→ 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 (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 $138,400 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.
- [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 June 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.