INTERSIL CORP/DE 4
4 · INTERSIL CORP/DE · Filed Feb 28, 2017
Insider Transaction Report
Form 4
INTERSIL CORP/DEISIL
MACLEOD DONALD
Director
Transactions
- Disposition to Issuer
Common Stock
2017-02-24−91,266→ 0 total(indirect: By Trust) - Disposition to Issuer
Stock Options (Right to Buy)
2013-04-01−5,000→ 0 totalExercise: $8.38Exp: 2020-04-01→ Common Stock (5,000 underlying) - Disposition to Issuer
Deferred Stock Units (DSUs)
2016-04-21−9,310→ 0 totalExercise: $0.00→ Common Stock (9,310 underlying) - Disposition to Issuer
Common Stock
2017-02-24−9,809→ 0 total
Footnotes (3)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of September 12, 2016, by and among Intersil Corporation ("ISIL") and Renesas Electronics Corporation, as joined by Chapter One Company (as amended, the "Merger Agreement"), upon the closing of the merger on February 24, 2017 (the "Closing"), each outstanding share of common stock of ISIL was cancelled in exchange for the right to receive $22.50 in cash.
- [F2]Pursuant to the Merger Agreement, upon the Closing each vested stock option was cancelled in exchange for a cash payment per share equal to the excess, if any, of $22.50 over the exercise price.
- [F3]Pursuant to the Merger Agreement, upon the Closing each unvested Deferred Stock Unit ("DSUs") were accelerated and cancelled in exchange for a cash payment per share equal to $22.50 per DSU.