4//SEC Filing
MCBRIDE WALTER 4
Accession 0001179110-12-011749
CIK 0001016470other
Filed
Jul 23, 8:00 PM ET
Accepted
Jul 24, 6:53 PM ET
Size
7.5 KB
Accession
0001179110-12-011749
Insider Transaction Report
Form 4
SRS LABS INCSRSL
Transactions
- Disposition to Issuer
Common Stock
2012-07-20−10,000→ 0 total - Disposition to Issuer
Employee Stock Option
2012-07-20−150,000→ 0 totalExercise: $7.09From: 2012-07-20Exp: 2021-10-25→ Common Stock (150,000 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to an Agreement and Plan of Merger and Reorganization (the "Merger Agreement"), dated as of April 16, 2012, by and among DTS, Inc. ("DTS"), DTS Merger Sub, Inc., DTS LLC and SRS Labs, Inc. ("SRS"). Pursuant to the terms of the Merger Agreement, SRS stockholders could elect to receive, in exchange for each share of SRS common stock held at the effective time of the Merger, either (i) $9.50 in cash, without interest and less any applicable withholding taxes or (ii) 0.31127 of a share of DTS common stock.
- [F2]Pursuant to the Merger Agreement, each outstanding stock option to purchase shares of SRS common stock automatically became fully vested and exercisable immediately prior to the effective time of the Merger and, as of the effective time of the Merger, was cancelled in exchange for the right to receive a cash payment, without interest and less any applicable withholding taxes, equal to the product of the excess, if any, of (i) $9.50 over the exercise price of each such option and (ii) the number of shares of SRS common stock underlying such option.
Documents
Issuer
SRS LABS INC
CIK 0001016470
Entity typeother
Related Parties
1- filerCIK 0001186091
Filing Metadata
- Form type
- 4
- Filed
- Jul 23, 8:00 PM ET
- Accepted
- Jul 24, 6:53 PM ET
- Size
- 7.5 KB