MEDICAL ACTION INDUSTRIES INC 4

Accession 0001171843-14-004583

CIK 0000748270operating

Filed

Oct 1, 8:00 PM ET

Accepted

Oct 2, 6:05 PM ET

Size

21.3 KB

Accession

0001171843-14-004583

Form 4

Period: 2014-10-01

See Remarks

Transactions

Disposition to Issuer
Common Stock $.001 par value
2014-10-01$13.80/sh−164.718$2,273→ 0 total(indirect: By 401(k))
Disposition to Issuer
Employee Stock Options (Right to Buy)
2014-10-01$1.87/sh−3,750$7,013→ 0 total
Exercise: $11.93Exp: 2015-05-23→ Common Stock (3,750 underlying)
Disposition to Issuer
Employee Stock Options (Right to Buy)
2014-10-01−3,500→ 0 total
Exercise: $21.67Exp: 2017-05-22→ Common Stock (3,500 underlying)
Disposition to Issuer
Employee Stock Options (Right to Buy)
2014-10-01−7,500→ 0 total
Exercise: $16.95Exp: 2018-05-29→ Common Stock (7,500 underlying)
Disposition to Issuer
Employee Stock Options (Right to Buy)
2014-10-01$1.98/sh−5,000$9,900→ 0 total
Exercise: $11.82Exp: 2020-05-27→ Common Stock (5,000 underlying)
Disposition to Issuer
Employee Stock Options (Right to Buy)
2014-10-01−4,500→ 0 total
Exercise: $14.76Exp: 2016-08-17→ Common Stock (4,500 underlying)
Disposition to Issuer
Employee Stock Options (Right to Buy)
2014-10-01$3.22/sh−5,000$16,100→ 0 total
Exercise: $10.58Exp: 2019-06-02→ Common Stock (5,000 underlying)
Disposition to Issuer
Employee Stock Options (Right to Buy)
2014-10-01$10.23/sh−30,000$306,900→ 0 total
Exercise: $3.57Exp: 2022-08-09→ Common Stock (30,000 underlying)

Footnotes (6)

[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 became fully exercisable on 05/23/2008, was cancelled pursuant to the Merger Agreement in exchange for a cash payment of $7,000, representing the difference between the exercise price of the option and the Merger Consideration.
[F3]This option was cancelled without any consideration because the exercise price of the option exceeded the Merger Consideration.
[F4]This option, which became fully exercisable on 06/02/2013, was cancelled pursuant to the Merger Agreement in exchange for a cash payment of $16,100, representing the difference between the exercise price of the option and the Merger Consideration.
[F5]This option which became fully exercisable on 05/27/2014, was cancelled pursuant to the Merger Agreement in exchange for a cash payment of $9,900, representing the difference between the exercise price of the option and the Merger Consideration.
[F6]This option, which provided for vesting in installments over a two year period beginning on 07/02/2014, 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.

Documents

1 file

MEDICAL ACTION INDUSTRIES INC

CIK 0000748270

Entity typeoperating

IncorporatedDE