MEDICAL ACTION INDUSTRIES INC 4
4 · MEDICAL ACTION INDUSTRIES INC · Filed Oct 2, 2014
Insider Transaction Report
Form 4
MERINGOLO PAUL D
DirectorPRESIDENT & CEO
Transactions
- Disposition to Issuer
Employee Stock Options (Right to Buy)
2014-10-01$1.98/sh−50,000$99,000→ 0 totalExercise: $11.82Exp: 2020-05-27→ Common Stock (50,000 underlying) - Disposition to Issuer
Common Stock, $.001 par value
2014-10-01$13.80/sh−113,598.408$1,567,658→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Employee Stock Options (Right to Buy)
2014-10-01$3.22/sh−50,000$161,000→ 0 totalExercise: $10.58Exp: 2019-06-02→ Common Stock (50,000 underlying) - Disposition to Issuer
Common Stock, $.001 par value
2014-10-01$13.80/sh−622,624$8,592,211→ 0 total - Disposition to Issuer
Common Stock, $.001 par value
2014-10-01$13.80/sh−4,500$62,100→ 0 total(indirect: By IRA)
Footnotes (4)
- [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 06/02/2013, was cancelled pursuant to the Merger Agreement in exchange for a cash payment of $161,000, representing the difference between the exercise price of the option and the Merger Consideration.
- [F4]This option which became fully exercisable on 05/27/2014, was cancelled pursuant to the Merger Agreement in exchange for a cash payment of $99,000, representing the difference between the exercise price of the option and the Merger Consideration.