4//SEC Filing
MEDICAL ACTION INDUSTRIES INC 4
Accession 0001171843-14-004595
CIK 0000748270operating
Filed
Oct 1, 8:00 PM ET
Accepted
Oct 2, 6:15 PM ET
Size
18.2 KB
Accession
0001171843-14-004595
Insider Transaction Report
Form 4
LIU ERIC
VICE PRESIDENT
Transactions
- Disposition to Issuer
Employee Stock Options (Right to Buy)
2014-10-01$3.22/sh−30,000$96,600→ 0 totalExercise: $10.58Exp: 2019-06-02→ Common Stock (30,000 underlying) - Disposition to Issuer
Common Stock, $.001 par value
2014-10-01$13.80/sh−447,000$6,168,600→ 0 total - Disposition to Issuer
Employee Stock Options (Right to Buy)
2014-10-01−25,000→ 0 totalExercise: $21.67Exp: 2017-05-22→ Common Stock (25,000 underlying) - Disposition to Issuer
Employee Stock Options (Right to Buy)
2014-10-01−20,000→ 0 totalExercise: $16.95Exp: 2018-05-29→ Common Stock (20,000 underlying) - Disposition to Issuer
Employee Stock Options (Right to Buy)
2014-10-01$1.87/sh−45,000$84,150→ 0 totalExercise: $11.93Exp: 2015-05-23→ Common Stock (45,000 underlying) - Disposition to Issuer
Common Stock $.001 par value
2014-10-01$13.80/sh−16,440$226,872→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Employee Stock Options (Right to Buy)
2014-10-01$1.98/sh−30,000$59,400→ 0 totalExercise: $11.82Exp: 2020-05-27→ 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]Disposed of pursuant to the Merger Agreement in exchange for the Merger Consideration.
- [F3]This option, which became fully exercisable on 05/23/2008, was cancelled pursuant to the Merger Agreement in exchange for a cash payment of $84,000, as rounded, representing the difference between the exercise price of the option and the Merger Consideration.
- [F4]This option was cancelled without any consideration because the exercise price of the option exceeded the Merger Consideration.
- [F5]This option, which became fully exercisable on 06/02/2013, was cancelled pursuant to the Merger Agreement in exchange for a cash payment of $96,600, representing the difference between the exercise price of the option and the Merger Consideration.
- [F6]This option which became fully exercisable on 05/27/2014, was cancelled pursuant to the Merger Agreement in exchange for a cash payment of $59,400, representing the difference between the exercise price of the option and the Merger Consideration.
Documents
Issuer
MEDICAL ACTION INDUSTRIES INC
CIK 0000748270
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000748270
Filing Metadata
- Form type
- 4
- Filed
- Oct 1, 8:00 PM ET
- Accepted
- Oct 2, 6:15 PM ET
- Size
- 18.2 KB