Press Ganey Holdings, Inc. 4
4 · Press Ganey Holdings, Inc. · Filed Oct 25, 2016
Insider Transaction Report
Form 4
Anderson Devin J
Gen Counsel & Corp Secretary
Transactions
- Disposition to Issuer
Common Stock
2016-10-21$40.50/sh−120,464$4,878,792→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2016-10-21−48,617→ 0 totalExercise: $26.18Exp: 2026-02-17→ Common Stock (48,617 underlying) - Tax Payment
Common Stock
2016-10-21$40.50/sh−45,684$1,850,202→ 120,464 total
Footnotes (2)
- [F1]Represents shares withheld by the company for payment of tax liability incident to the vesting of restricted common stock.
- [F2]Pursuant to the agreement and plan of merger, dated as of August 9, 2016 (as amended or modified from time to time, the "Merger Agreement"), by and among Press Ganey Holdings, Inc., (the "Company"), Emerald TopCo, Inc., ("Parent") and Emerald BidCo, Inc., ("Merger Sub"), all outstanding and unexercised stock options, at the option of the holder, were cancelled in exchange for the right to receive in cash an amount equal to the product of (i) the total number of shares of common stock of the Company subject to the stock option multiplied by (ii) the excess, if any, of the per share merger consideration over the exercise price of the option.