4//SEC Filing
Ruedy Richard 4
Accession 0001140361-24-041416
CIK 0001397702other
Filed
Sep 17, 8:00 PM ET
Accepted
Sep 18, 8:40 PM ET
Size
20.3 KB
Accession
0001140361-24-041416
Insider Transaction Report
Form 4
Ruedy Richard
EVP Clin & Reg. Affairs and QA
Transactions
- Disposition to Issuer
Common Stock
2024-09-17−205,711→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2024-09-17$25.90/sh−25,925$671,458→ 0 totalExercise: $1.60Exp: 2026-08-04→ Common Stock (25,925 underlying) - Disposition to Issuer
Common Stock
2024-09-17−70→ 0 total(indirect: By Spouse) - Award
Common Stock
2024-09-17+26,250→ 26,250 total - Disposition to Issuer
Common Stock
2024-09-17−26,250→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2024-09-17$22.77/sh−28,888$657,780→ 0 totalExercise: $4.73Exp: 2027-11-30→ Common Stock (28,888 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2024-09-17$19.23/sh−4$77→ 0 totalExercise: $8.27Exp: 2026-09-30→ Common Stock (4 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2024-09-17$7.50/sh−90,740$680,550→ 0 totalExercise: $20.00Exp: 2029-04-03→ Common Stock (90,740 underlying)
Footnotes (9)
- [F1]Of the reported shares, 87,084 are represented by restricted stock units, or RSUs, each of which represents a contingent right to receive one share of Issuer common stock.
- [F2]Pursuant to the Agreement and Plan of Merger dated June 17, 2024, between the Issuer, Boston Scientific Corporation and Seminole Merger Sub, Inc, (the "Merger Agreement"), each share of Issuer common stock was canceled and converted into the right to receive $27.50 per share in cash (the "Merger Consideration"), without interest and subject to applicable withholding taxes.
- [F3]Pursuant to the Merger Agreement, each RSU was canceled and converted into the right to receive an amount in cash, without interest, equal to the product of (i) the Merger Consideration and (ii) the aggregate number of shares underlying the RSUs, less applicable taxes and authorized deductions.
- [F4]Immediately prior to the effective time of the merger, certain RSUs subject to the achievement of performance-based criteria, or PSUs, were deemed achieved and certified by the Issuer's compensation committee.
- [F5]Pursuant to the Merger Agreement, each PSU was canceled and converted into the right to receive an amount in cash, without interest, equal to the product of (i) the Merger Consideration and (ii) the aggregate number of shares underlying the PSUs, less applicable taxes and authorized deductions.
- [F6]The shares subject to the option are fully vested and immediately exercisable. Pursuant to the Merger Agreement, the option was cancelled in exchange for a cash payment of $671,457.50, which represents the difference between (i) the amount by which the Merger Consideration exceeded the exercise price of the option per share option and (ii) the aggregate number of shares remaining issuable upon exercise of the option, less applicable taxes and authorized deductions.
- [F7]The shares subject to the option are fully vested and immediately exercisable. Pursuant to the Merger Agreement, the option was cancelled in exchange for a cash payment of $657,779.76, which represents the difference between (i) the amount by which the Merger Consideration exceeded the exercise price of the option per share option and (ii) the aggregate number of shares remaining issuable upon exercise of the option, less applicable taxes and authorized deductions.
- [F8]The shares subject to the option are fully vested and immediately exercisable. Pursuant to the Merger Agreement, the option was cancelled in exchange for a cash payment of $76.92, which represents the difference between (i) the amount by which the Merger Consideration exceeded the exercise price of the option per share option and (ii) the aggregate number of shares remaining issuable upon exercise of the option, less applicable taxes and authorized deductions.
- [F9]The shares subject to the option are fully vested and immediately exercisable. Pursuant to the Merger Agreement, the option was cancelled in exchange for a cash payment of $680,550.00, which represents the difference between (i) the amount by which the Merger Consideration exceeded the exercise price of the option per share option and (ii) the aggregate number of shares remaining issuable upon exercise of the option, less applicable taxes and authorized deductions.
Documents
Issuer
Silk Road Medical Inc
CIK 0001397702
Entity typeother
Related Parties
1- filerCIK 0001770296
Filing Metadata
- Form type
- 4
- Filed
- Sep 17, 8:00 PM ET
- Accepted
- Sep 18, 8:40 PM ET
- Size
- 20.3 KB