MEDICAL ACTION INDUSTRIES INC 4

Accession 0001171843-14-004587

CIK 0000748270operating

View on SEC.gov Company Profile

Filed

Oct 1, 8:00 PM ET

Accepted

Oct 2, 6:09 PM ET

Size

24.2 KB

Accession

0001171843-14-004587

Insider Transaction Report

Form 4

Period: 2014-10-01

MEDICAL ACTION INDUSTRIES INCMDCI

BURKE WILLIAM W

Director

Transactions

Disposition to Issuer
Non-Employee Director Stock Option Plan
2014-10-01$1.35/sh−3,750$5,063→ 0 total
Exercise: $12.45Exp: 2015-08-04→ Common Stock (3,750 underlying)
Disposition to Issuer
Common Stock, $.001 par value
2014-10-01$13.80/sh−3,750$51,750→ 0 total
Disposition to Issuer
Non-Employee Director Stock Option Plan
2014-10-01$0.55/sh−2,500$1,375→ 0 total
Exercise: $13.25Exp: 2018-08-14→ Common Stock (2,500 underlying)
Disposition to Issuer
Non-Employee Director Stock Option Plan
2014-10-01$1.21/sh−7,500$9,075→ 0 total
Exercise: $12.59Exp: 2019-08-13→ Common Stock (7,500 underlying)
Disposition to Issuer
Non-Employee Director Stock Option Plan
2014-10-01−3,750→ 0 total
Exercise: $14.76Exp: 2016-08-17→ Common Stock (3,750 underlying)
Disposition to Issuer
Non-Employee Director Stock Option Plan
2014-10-01−2,500→ 0 total
Exercise: $22.10Exp: 2017-08-16→ Common Stock (2,500 underlying)
Disposition to Issuer
Non-Employee Director Stock Option Plan
2014-10-01$4.81/sh−7,500$36,075→ 0 total
Exercise: $8.99Exp: 2020-08-12→ Common Stock (7,500 underlying)
Disposition to Issuer
Non-Employee Director Stock Option Plan
2014-10-01$10.23/sh−15,000$153,450→ 0 total
Exercise: $3.57Exp: 2022-08-09→ Common Stock (15,000 underlying)
Disposition to Issuer
Non-Employee Director Stock Option Plan
2014-10-01$7.45/sh−7,500$55,875→ 0 total
Exercise: $6.35Exp: 2023-08-08→ Common Stock (7,500 underlying)

Footnotes (10)

[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").
[F10]This option was cancelled pursuant to the Merger Agreement in exchange for a cash payment of $55,875, representing the difference between the exercise price of the option and the Merger Consideration.
[F2]The reporting person's 2,500 stock options, at the exercise price of $18.68 were granted on 08/04/05. As a result of a stock split, which was paid on 02/09/07, the number of options has been adjusted to 3,750 and the exercise price has decreased to $12.45, as rounded to the nearest hundredth.
[F3]This option was cancelled pursuant to the Merger Agreement in exchange for a cash payment of $5,050, as rounded, representing the difference between the exercise price of the option and the Merger Consideration.
[F4]The reporting person's 2,500 stock options, at the exercise price of $22.14, were granted on 08/17/06. As a result of a stock split, which was paid on 02/09/07, the number of options has been adjusted to 3,750 and the exercise price has decreased to $14.76.
[F5]This option was cancelled without any consideration because the exercise price of the option exceeded the Merger Consideration.
[F6]This option was cancelled pursuant to the Merger Agreement in exchange for a cash payment of $1,375, representing the difference between the exercise price of the option and the Merger Consideration.
[F7]This option was cancelled pursuant to the Merger Agreement in exchange for a cash payment of $9,075, representing the difference between the exercise price of the option and the Merger Consideration.
[F8]This option was cancelled pursuant to the Merger Agreement in exchange for a cash payment of $36,075, representing the difference between the exercise price of the option and the Merger Consideration.
[F9]This option was cancelled pursuant to the Merger Agreement in exchange for a cash payment of $153,450, representing the difference between the exercise price of the option and the Merger Consideration.

Documents

1 file

4
gff4_burke100214.xmlPrimary
OWNERSHIP DOCUMENT

Issuer

MEDICAL ACTION INDUSTRIES INC

CIK 0000748270

→

Entity typeoperating

IncorporatedDE

Related Parties

filerCIK 0000748270

Filing Metadata

Form type: 4
Filed: Oct 1, 8:00 PM ET
Accepted: Oct 2, 6:09 PM ET
Size: 24.2 KB

View on SEC.gov