UNITED INDUSTRIAL CORP /DE/ 4
4 · UNITED INDUSTRIAL CORP /DE/ · Filed Dec 4, 2007
Insider Transaction Report
Form 4
Gray Stuart F
Treasurer
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2007-12-04$49.69/sh−5,000$248,450→ 0 totalExercise: $31.31Exp: 2010-04-11→ Common Stock (5,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2007-12-04$28.39/sh−3,000$85,170→ 0 totalExercise: $52.61Exp: 2011-03-14→ Common Stock (3,000 underlying)
Footnotes (2)
- [F1]All unvested options became fully exercisable on November 14, 2007 upon the change in control resulting from consummation of the tender offer under to the Agreement and Plan of Merger dated October 7, 2007 (the "Merger Agreement") among the issuer, Textron Inc. and Marco Acquisition Sub Inc., an indirect wholly owned subsidiary of Textron Inc.
- [F2]On November 30, 2007, the Board of Directors of the issuer accelerated the cancellation of these options, in exchange for a cash payment in the amount of $81.00 per share less the exercise price of the options, as contemplated by the Merger Agreement.