THORATEC CORP 4
4 · THORATEC CORP · Filed Oct 8, 2015
Insider Transaction Report
Form 4
THORATEC CORPTHOR
Pellegrini Niamh Louise
President, North America
Transactions
- Disposition to Issuer
Non-Qualified Stock Options (Right to Buy)
2015-10-08$37.73/sh−74,627$2,815,304→ 0 totalExercise: $25.77Exp: 2024-10-15→ Common Stock (74,627 underlying) - Award
Common Stock
2015-10-08+11,228→ 51,928 total - Disposition to Issuer
Common Stock
2015-10-08$63.50/sh−51,928$3,297,428→ 0 total
Footnotes (2)
- [F1]Represents time based vesting Restricted Stock Units ("RSUs") issued upon the settlement of Performance Share Units ("PSUs") of the Issuer. The PSUs were accelerated in full (with performance-based conditions for such units treated as having been obtained at the "maximum" level), and, immediately thereafter, vesting of the underlying RSUs were accelerated in full immediately prior to the Issuer's merger with St. Jude Medical, Inc., a Minnesota corporation.
- [F2]This option, which provided for vesting in four equal annual installments commencing one year after October 15, 2014, was cancelled pursuant to the terms and conditions of an Agreement and Plan of Merger executed by the Issuer in exchange for a cash payment equal to (i) the number of shares of Issuer common stock underlying the option multiplied by (ii) the excess of $63.50 over the per share exercise price of such option.