4//SEC Filing
Henkel Achim 4
Accession 0001140361-18-035269
CIK 0000881890other
Filed
Aug 1, 8:00 PM ET
Accepted
Aug 2, 7:52 PM ET
Size
27.6 KB
Accession
0001140361-18-035269
Insider Transaction Report
Form 4
ABAXIS INCABAX
Henkel Achim
Managing Director-Europe
Transactions
- Disposition to Issuer
Performance-Based Restricted Stock Units
2018-07-31−16,000→ 0 totalExercise: $0.00→ Common Stock (16,000 underlying) - Disposition to Issuer
Common Stock
2018-07-31$83.00/sh−69,950$5,805,850→ 0 total - Disposition to Issuer
Restricted Stock Units
2018-07-31−7,650→ 0 totalExercise: $0.00→ Common Stock (7,650 underlying) - Disposition to Issuer
Performance-Based Restricted Stock Units
2018-07-31−6,000→ 0 totalExercise: $0.00→ Common Stock (6,000 underlying) - Disposition to Issuer
Restricted Stock Units
2018-07-31−6,300→ 0 totalExercise: $0.00→ Common Stock (6,300 underlying) - Disposition to Issuer
Restricted Stock Units
2018-07-31−9,000→ 0 totalExercise: $0.00→ Common Stock (9,000 underlying) - Disposition to Issuer
Performance-Based Restricted Stock Units
2018-07-31−6,000→ 0 totalExercise: $0.00→ Common Stock (6,000 underlying) - Disposition to Issuer
Restricted Stock Units
2018-07-31−8,550→ 0 totalExercise: $0.00→ Common Stock (8,550 underlying) - Disposition to Issuer
Performance-Based Restricted Stock Units
2018-07-31−16,000→ 0 totalExercise: $0.00→ Common Stock (16,000 underlying) - Disposition to Issuer
Performance-Based Restricted Stock Units
2018-07-31−8,000→ 0 totalExercise: $0.00→ Common Stock (8,000 underlying) - Disposition to Issuer
Performance-Based Restricted Stock Units
2018-07-31−8,000→ 0 totalExercise: $0.00→ Common Stock (8,000 underlying)
Footnotes (4)
- [F1]Pursuant to the Agreement and Plan of Merger (the "Merger Agreement") dated May 15, 2018, by and among Abaxis, Inc., a California corporation (the "Issuer"), Zoetis Inc., a Delaware corporation ("Parent"), and Zeus Merger Sub, Inc., a California corporation and an indirect wholly owned subsidiary of Parent ("Merger Sub"), on July 31, 2018, Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer continuing as the surviving corporation and a wholly owned subsidiary of Parent. In connection with the Merger, these shares were cancelled and converted into the right to receive $83.00 in cash, without interest, per share, subject to the terms and conditions of the Merger Agreement (the "Merger Consideration").
- [F2]Pursuant to the terms of the Merger Agreement, at the effective time of the Merger (the "Effective Time"), each of these unvested restricted stock units vested automatically in accordance with their existing terms and were cancelled and automatically converted into the right to receive the Merger Consideration in respect of each share of Issuer common stock underlying such awards. Each of these vested restricted stock units converted into the right to receive the Merger Consideration in respect of each share of Issuer common stock underlying such awards.
- [F3]Not applicable.
- [F4]a. Pursuant to the terms of the Merger Agreement, at the effective time of the Merger (the "Effective Time"), each of these unvested performance restricted stock units vested automatically in accordance with their existing terms and were cancelled and automatically converted into the right to receive the Merger Consideration in respect of each share of Issuer common stock underlying such awards. Each of these vested performance restricted stock units were cancelled and automatically converted into the right to receive the Merger Consideration in respect of each share of Issuer common stock underlying such awards.
Documents
Issuer
ABAXIS INC
CIK 0000881890
Entity typeother
Related Parties
1- filerCIK 0001480122
Filing Metadata
- Form type
- 4
- Filed
- Aug 1, 8:00 PM ET
- Accepted
- Aug 2, 7:52 PM ET
- Size
- 27.6 KB