4//SEC Filing
MAGNETEK, INC. 4
Accession 0001140361-15-034242
CIK 0000751085operating
Filed
Sep 1, 8:00 PM ET
Accepted
Sep 2, 5:24 PM ET
Size
26.5 KB
Accession
0001140361-15-034242
Insider Transaction Report
Form 4
REILAND DAVID P
Director
Transactions
- Disposition to Issuer
Common Stock
2015-09-02$50.00/sh−11,755$587,750→ 0 total(indirect: By Trust) - Disposition to Issuer
Director Stock Option (Right to Buy)
2015-09-02−750→ 0 totalExercise: $13.95Exp: 2019-06-26→ Common Stock (750 underlying) - Disposition to Issuer
Director Stock Option (Right to Buy)
2015-09-02−3,091→ 0 totalExercise: $10.41Exp: 2022-12-28→ Common Stock (3,091 underlying) - Disposition to Issuer
Common Stock
2015-09-02$50.00/sh−1,255$62,750→ 0 total - Disposition to Issuer
Director Stock Option (Right to Buy)
2015-09-02−750→ 0 totalExercise: $21.05Exp: 2019-01-16→ Common Stock (750 underlying) - Disposition to Issuer
Director Stock Option (Right to Buy)
2015-09-02−750→ 0 totalExercise: $11.05Exp: 2020-06-25→ Common Stock (750 underlying) - Disposition to Issuer
Director Stock Option (Right to Buy)
2015-09-02−1,743→ 0 totalExercise: $18.45Exp: 2021-07-01→ Common Stock (1,743 underlying) - Disposition to Issuer
Director Stock Option (Right to Buy)
2015-09-02−1,866→ 0 totalExercise: $8.48Exp: 2021-12-30→ Common Stock (1,866 underlying) - Disposition to Issuer
Director Stock Option (Right to Buy)
2015-09-02−1,426→ 0 totalExercise: $22.23Exp: 2023-12-29→ Common Stock (1,426 underlying) - Disposition to Issuer
Phantom Stock Units
2015-09-02−31,510.514→ 0 total→ Common Stock (31,510.514 underlying) - Disposition to Issuer
Director Stock Option (Right to Buy)
2015-09-02−836→ 0 totalExercise: $38.00Exp: 2024-12-28→ Common Stock (836 underlying)
Footnotes (4)
- [F1]On July 26, 2015, the Issuer entered into an Agreement and Plan of Merger (the "Merger Agreement") with Columbus McKinnon Corporation, a New York corporation ("Parent"), and Megatron Acquisition Corp., a Delaware corporation and a wholly owned subsidiary of Parent ("Acquisition Sub"). Pursuant to the Merger Agreement, Acquisition Sub commenced a tender offer to acquire all shares of the Issuer's common stock at a price per share of $50.00, and on September 2, 2015, Acquisition Sub accepted all shares of Issuer's common stock that were tendered and Parent subsequently made a cash payment in respect of all of the outstanding shares of the Issuer's common stock that were tendered. The reporting person reports disposition of shares tendered by the reporting person pursuant to the terms of the tender offer, which involved a change of control.
- [F2]The Merger Agreement contemplated a merger of Acquisition Sub with and into the Issuer following consummation of the tender offer. Pursuant to the Merger Agreement, each unexpired and unexercised option vested immediately prior to the consummation of the merger and was canceled in exchange for a cash payment per share equal to the difference between $50.00 and the exercise price of such option. Options with an exercise price of $50.00 per share or more were canceled and are not shown in Table II of this Report.
- [F3]1 for 1.
- [F4]As a result of the transactions contemplated by the Merger Agreement, the reporting person was entitled to receive an amount per share of $50.00 for each Phantom Stock Unit.
Documents
Issuer
MAGNETEK, INC.
CIK 0000751085
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000751085
Filing Metadata
- Form type
- 4
- Filed
- Sep 1, 8:00 PM ET
- Accepted
- Sep 2, 5:24 PM ET
- Size
- 26.5 KB