4//SEC Filing
Measurement Specialties Inc 4
Accession 0001144204-14-061110
CIK 0000778734operating
Filed
Oct 13, 8:00 PM ET
Accepted
Oct 14, 7:10 PM ET
Size
15.4 KB
Accession
0001144204-14-061110
Insider Transaction Report
Form 4
KOSTELNI JEFFREY C
Vice President-Finance
Transactions
- Disposition to Issuer
Common stock, no par value
2014-10-09$86.00/sh−739$63,554→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Restricted Stock Units
2014-10-09−4,250→ 0 total→ Common stock (4,250 underlying) - Disposition to Issuer
Stock option (right to buy)
2014-10-09$72.47/sh−12,000$869,640→ 0 totalExercise: $13.53Exp: 2020-07-01→ Common stock (12,000 underlying) - Disposition to Issuer
Common stock, no par value
2014-10-09$86.00/sh−920$79,120→ 0 total - Disposition to Issuer
Stock option (right to buy)
2014-10-09$53.98/sh−3,000$161,940→ 0 totalExercise: $32.02Exp: 2022-07-02→ Common stock (3,000 underlying)
Footnotes (4)
- [F1]As of the effective time (the "Effective Time") of the transactions contemplated by the Agreement and Plan of Merger by and among the Issuer, TE Connectivity Ltd. and Wolverine-Mars Acquisition, Inc., dated as of June 18, 2014 (the "Merger Agreement"), pursuant to the terms of the Merger Agreement, each share of common stock of the Issuer, no par value ("Common Stock"), held by the Reporting Person was canceled and converted into the right to receive $86.00 in cash.
- [F2]As of the Effective Time, these restricted stock units (a) fully vested pursuant to the terms of the applicable award agreements and (b) pursuant to the terms of the Merger Agreement, were canceled and converted into the right to receive a cash payment in an amount equal to the product of (x) $86.00 multiplied by (y) the total number of shares of Common stock underlying such restricted stock units.
- [F3]This stock option, which provides for vesting in five equal annual installments beginning on July 1, 2011, was canceled at the Effective Time pursuant to the terms of the Merger Agreement and converted into the right to receive a cash payment in an amount equal to the product of (x) the excess of $86.00 over the applicable exercise price, multiplied by (y) the total number of shares of Common Stock underlying such stock option. With respect to 6,000 shares of Common Stock underlying this stock option which have not vested as of the date of this report, this amount will be payable to the Reporting Person on or within 30 days after July 1, 2015, subject to (i) the Reporting Person's continued employment with the Company or any of its affiliates through the payment date and (ii) the terms of the Merger Agreement.
- [F4]This stock option, which provides for vesting in four equal annual installments beginning on July 2, 2013, was canceled at the Effective Time pursuant to the terms of the Merger Agreement and converted into the right to receive a cash payment in an amount equal to the product of (x) the excess of $86.00 over the applicable exercise price, multiplied by (y) the total number of shares of Common Stock underlying such stock option. With respect to 2,000 shares of Common Stock underlying this stock option which have not vested as of the date of this report, 1/2 of this amount will be payable to the Reporting Person on or within 30 days after each of July 2 of 2015 and 2016, subject to (i) the Reporting Person's continued employment with the Company or any of its affiliates through the applicable payment dates and (ii) the terms of the Merger Agreement.
Documents
Issuer
Measurement Specialties Inc
CIK 0000778734
Entity typeoperating
IncorporatedNJ
Related Parties
1- filerCIK 0000778734
Filing Metadata
- Form type
- 4
- Filed
- Oct 13, 8:00 PM ET
- Accepted
- Oct 14, 7:10 PM ET
- Size
- 15.4 KB