EMPIRE RESOURCES INC /NEW/ 4
4 · EMPIRE RESOURCES INC /NEW/ · Filed May 8, 2017
Insider Transaction Report
Form 4
WRUBEL HARVEY
DirectorVP of Sales/Dir of Marketing
Transactions
- Other
Options to Purchase Common Stock
2017-05-04$5.38/sh−50,000$268,750→ 0 totalExercise: $1.63From: 2009-09-17Exp: 2019-09-17→ Common Stock (50,000 underlying) - Gift
Common Stock
2017-05-04$7.00/sh−17,604$123,228→ 0 total
Footnotes (2)
- [F1]The reporting person has gifted all of his shares.
- [F2]In connection with the Agreement and Plan of Merger, dated as of March 30, 2017, as amended on April 6, 2017 (as so amended, the "Merger Agreement"), by and among Empire Resources, Parent and Ta Chen Investment Corporation ("Sub"), Sub intends to merge with and into the Company (the "Merger"), with the Company surviving the Merger as a wholly-owned subsidiary of Parent. In connection with the Merger, the reporting person cancelled all of his options in exchange for receiving the difference between his exercise price ($1.625 per share) and the merger consideration ($7.00 per share).