HITTITE MICROWAVE CORP 4
4 · HITTITE MICROWAVE CORP · Filed Jul 23, 2014
Insider Transaction Report
Form 4
Guven Gorkem
Vice President
Transactions
- Disposition to Issuer
Common Stock
2014-07-22$78.00/sh−26,721$2,084,238→ 0 total - Disposition to Issuer
Time-Vested Restricted Stock Unit
2014-07-22−7,841→ 0 total→ Common Stock (7,841 underlying) - Disposition to Issuer
Performance-Vested Restricted Stock Unit
2014-07-22−2,875→ 0 total→ Common Stock (2,875 underlying)
Footnotes (4)
- [F1]Includes 3,536 restricted stock awards that were canceled upon the effectiveness of the merger of BBAC Corp., a wholly owned subsidiary of Analog Devices, Inc. ("ADI"), with and into the issuer on July 22, 2014 pursuant to a merger agreement dated June 9, 2014 by and among ADI, BBAC Corp. and the issuer, in exchange for a replacement restricted stock award for shares of the common stock of ADI, in an amount equal to the number of canceled restricted stock awards multiplied by the ratio of $78 divided by the average closing price of ADI common stock during the five consecutive trading days ending on July 22, 2014, the effective date of merger.
- [F2]Disposed of upon the effectiveness of the merger.
- [F3]Each restricted stock unit represented a contingent right to receive one share of Hittite common stock.
- [F4]Upon the effectiveness of the merger, each restricted stock unit was canceled in exchange for a replacement restricted stock unit award for shares of the common stock of ADI, in an amount equal to the number of canceled restricted stock units multiplied by the ratio of $78 divided by the average closing price of ADI common stock during the five consecutive trading days ending on July 22, 2014, the effective date of merger.