MEDICAL ACTION INDUSTRIES INC 4
4 · MEDICAL ACTION INDUSTRIES INC · Filed Oct 2, 2014
Insider Transaction Report
Form 4
Setian Richard
VP, Sales & Marketing
Transactions
- Disposition to Issuer
Employee Stock Options (Right to Buy)
2014-10-01$3.70/sh−30,000$111,000→ 0 totalExercise: $10.10Exp: 2020-11-03→ Common Stock (30,000 underlying) - Disposition to Issuer
Common Stock $.001 par value
2014-10-01$13.80/sh−26,500.21$365,703→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Employee Stock Options (Right to Buy)
2014-10-01$10.23/sh−30,000$306,900→ 0 totalExercise: $3.57Exp: 2022-08-09→ Common Stock (30,000 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to the merger agreement (the "Merger Agreement") between Issuer, Owens & Minor, Inc. and Mongoose Merger Sub Inc. in exchange for the merger consideration of $13.80 per share (the "Merger Consideration").
- [F2]This option, which provided for vesting in installments over a two year period beginning on 11/03/2012, was cancelled pursuant to the Merger Agreement in exchange for a cash payment of $111,000, representing the difference between the exercise price of the option and the Merger Consideration.
- [F3]This option, which provided for vesting in installments over a two year period beginning on 08/09/2014, was cancelled pursuant to the Merger Agreement in exchange for a cash payment of $306,900, representing the difference between the exercise price of the option and the Merger Consideration.