Entertainment Gaming Asia Inc. 4
4 · Entertainment Gaming Asia Inc. · Filed Jun 22, 2017
Insider Transaction Report
Form 4
Chung Clarence YM
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Options (right to buy)
2017-06-21−3,125→ 0 totalExercise: $2.08From: 2009-08-13Exp: 2019-02-12→ Common Stock (3,125 underlying) - Exercise/Conversion
Options (right to buy)
2017-06-21−285,625→ 3,125 totalExercise: $1.94From: 2017-04-29Exp: 2026-04-28→ Common Stock (285,625 underlying)
Footnotes (3)
- [F1]On May 5, 2017, Melco International Development Limited (Melco), through its wholly-owned subsidiary EGT Nevada Holding Inc. ("EGT Nevada"), filed an unsolicited cash tender offer to acquire all of the outstanding shares of common stock, $0.001 par value, of Entertainment Gaming Asia Inc. (EGT), other than the shares owned by Melco or its affiliates, at a price of $2.35 net per share. On June 13, 2017, the tender offer closed and on June 21, 2017, Melco effected a short-form merger of EGT Nevada into EGT. In connection with the short-form merger, the vesting of all unvested EGT stocks options was accelerated and all EGT stock options were cancelled and the in-the-money options were cashed out at $2.35 less the exercise price.
- [F2]These options were to vest over three years, 50% on the first anniversary and 25% on each of the second and third anniversaries of grant date. However, in connection with the short-form merger, all of these options became vested and exercisable as of June 21, 2017.
- [F3]Represents the original expiration date. However, in connection with the short-form merger, all of these options were cancelled as of June 21, 2017.