DATALINK CORP 4
4 · DATALINK CORP · Filed Jan 6, 2017
Insider Transaction Report
Form 4
DATALINK CORPDTLK
Transactions
- Disposition to Issuer
Performance Share Units (PSUs)
2017-01-06$11.25/sh−26,430$297,338→ 0 total→ Common Stock (26,430 underlying) - Disposition to Issuer
Common Stock
2017-01-06$11.25/sh−99,377$1,117,991→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2017-01-06$4.42/sh−71,151$314,487→ 0 totalExercise: $6.83Exp: 2026-02-26→ Common Stock (71,151 underlying)
Footnotes (6)
- [F1]Price reflects per share consideration paid pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of November 6, 2016, by and among Datalink Corporation, Insight Enterprises Inc., and Reef Acquisition Co.
- [F2]These stock options were granted on February 26, 2016 and provided for vesting as follows: 50% vest on the first anniversary of the grant date, 25% vest on the second anniversary of the grant date, and 25% vest on the third anniversary of the grant date.
- [F3]Each stock option was canceled pursuant to the terms of the Merger Agreement in exchange for a cash payment of $11.25 (the per share consideration under the Merger Agreement) less the per share exercise price.
- [F4]Each PSU represents a contingent right to receive one share of common stock.
- [F5]These PSUs were granted on February 26, 2016 and provided for vesting as follows: 1/3 vest February 26, 2019 if the company's stock achieves a market price of $9.00/share for 20 consecutive trading days before that date; 1/3 vest February 26, 2020 if the company's stock achieves a market price of $11.00/share for 20 consecutive trading days before that date; 1/3 vest February 26, 2021 if the company's stock achieves a market price of $13.00/share for 20 consecutive trading days before that date.
- [F6]Each PSU was canceled pursuant to the terms of the Merger Agreement in exchange for a cash payment of $11.25 (the per share consideration under the Merger Agreement).