Athlon Energy Inc. 4
4 · Athlon Energy Inc. · Filed Nov 13, 2014
Insider Transaction Report
Form 4
PALKO JENNIFER L
VP - BUS DEV AND ENGINEERING
Transactions
- Disposition from Tender
COMMON STOCK
2014-11-12$58.50/sh−1,174,088$68,684,148→ 0 total - Gift
COMMON STOCK
2014-11-12−85,500→ 1,174,088 total
Footnotes (3)
- [F1]Includes unvested amounts of performance-based restricted shares and performance share units held by the reporting person based on maximum levels of performance.
- [F2]Represents shares tendered and equity awards disposed of in connection with the offer by an indirect wholly owned subsidiary of Encana Corporation (the "Purchaser") to purchase all of the shares of common stock of the Issuer and the merger of the Purchaser with and into the Issuer, with the Issuer surviving as an indirect wholly owned subsidiary of Encana Corporation (collectively, the "Transaction"). In connection with the Transaction, each outstanding share of Issuer common stock tendered was exchanged for $58.50 per share, net to the seller in cash, without interest, less any applicable withholding taxes (the "Merger Consideration"). Each restricted share that was outstanding and unvested as of immediately prior to the effective time of the merger automatically vested and was converted into the right to receive the Merger Consideration. Continued in footnote 3.
- [F3]Continued from footnote 2. Each outstanding and unvested restricted stock unit was cancelled and converted into the right to receive the Merger Consideration (with performance-based awards receiving cash based on their maximum award levels).