Teledyne Bolt, Inc. 4
4 · Teledyne Bolt, Inc. · Filed Nov 20, 2014
Insider Transaction Report
Form 4
SMITH GERALD A
Director
Transactions
- Disposition to Issuer
Common Stock No Par Value
2014-11-18$22.00/sh−25,374$558,228→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2014-11-18−3,750→ 0 totalExercise: $10.84From: 2011-11-22Exp: 2016-11-22→ Common Stock (3,750 underlying)
Footnotes (2)
- [F1]Pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated September 3, 2014, by and among Teledyne Technologies Incorporated, a Delaware corporation ("Teledyne"), Lightning Merger Sub, Inc., a Connecticut corporation and wholly-owned subsidiary of Teledyne ("Merger Sub"), and Bolt Technology Corporation, a Connecticut corporation (the "Company"), at the effective time of the merger, each outstanding share of the Company's Common Stock, no par value per share, was converted into the right to receive $22.00 in cash (the "Merger Consideration"). In addition, at the effective time of the merger, each outstanding share of restricted stock vested and was converted into the right to receive the Merger Consideration.
- [F2]Pursuant to the terms of the Merger Agreement, at the effective time of the merger, each outstanding option to purchase common stock of the Company (whether vested or unvested) was converted into the right to receive an amount in cash equal to the excess, if any, of $22.00 over the exercise price of such option.