MEDICAL ACTION INDUSTRIES INC 4
4 · MEDICAL ACTION INDUSTRIES INC · Filed Oct 2, 2014
Insider Transaction Report
Form 4
CHAPMAN PAUL
Director
Transactions
- Disposition to Issuer
Non-Employee Director Stock Option Plan (Right to Buy)
2014-10-01$11.18/sh−7,500$83,850→ 0 totalExercise: $2.62Exp: 2022-11-14→ Common Stock (7,500 underlying) - Disposition to Issuer
Non-Employee Director Stock Option Plan (Right to Buy)
2014-10-01$5.40/sh−400,000$2,160,000→ 0 totalExercise: $8.40Exp: 2023-05-20→ Common Stock (400,000 underlying)
Footnotes (2)
- [F1]This option was cancelled pursuant to merger agreement (the "Merger Agreement") between Issuer, Owens & Minor, Inc. and Mongoose Merger Sub Inc. in exchange for a cash payment of $83,850, representing the difference between the exercise price of the option and 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 05/20/2005, was cancelled pursuant to the Merger Agreement in exchange for a cash payment of $2,160,000, representing the difference between the exercise price of the option and the Merger Consideration.