4//SEC Filing
McMahan Stacy Powell 4
Accession 0001179110-17-011368
CIK 0000789132other
Filed
Aug 10, 8:00 PM ET
Accepted
Aug 11, 2:37 PM ET
Size
19.6 KB
Accession
0001179110-17-011368
Insider Transaction Report
Form 4
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2017-08-09$23.45/sh−35,236$826,284→ 0 totalExercise: $15.05Exp: 2026-01-08→ Common Stock (35,236 underlying) - Disposition to Issuer
SPNC Common Stock
2017-08-09$38.50/sh−17,411$670,324→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2017-08-09$26.71/sh−33,359$891,019→ 0 totalExercise: $11.79Exp: 2025-09-30→ Common Stock (33,359 underlying) - Disposition to Issuer
Restricted Stock Units
2017-08-09$38.50/sh−5,814$223,839→ 0 totalExercise: $0.00→ Common Stock (5,814 underlying) - Disposition to Issuer
Restricted Stock Units
2017-08-09$38.50/sh−14,942$575,267→ 0 totalExercise: $0.00→ Common Stock (14,942 underlying) - Disposition to Issuer
Performance Stock Units
2017-08-09$38.50/sh−16,520$636,020→ 0 totalExercise: $0.00→ Common Stock (16,520 underlying) - Disposition to Issuer
Performance Stock Units
2017-08-09$38.50/sh−9,961$383,499→ 0 totalExercise: $0.00→ Common Stock (9,961 underlying)
Footnotes (5)
- [F1]Per the terms of the Agreement and Plan of Merger, dated as of June 27, 2017, among the Company, Philips Holding USA Inc., a Delaware corporation, and HealthTech Merger Sub, Inc., a Delaware corporation (the "Merger Agreement"), and the Offer (as defined in the Merger Agreement), each share of Company common stock other than the shares described in Note 2 below was validly tendered for $38.50 per share in cash, without interest and less any required withholding taxes.
- [F2]Includes 6,363 shares of Company common stock underlying performance stock units that were subject solely to service-based vesting conditions immediately prior to the Effective Time (as defined in the Merger Agreement) and that, pursuant to their terms upon consummation of the Merger Agreement, were treated as restricted stock units and were cancelled at the Effective Time and converted into the right to receive $38.50 per share in cash, without interest and less any required withholding taxes.
- [F3]Per the terms of the Merger Agreement, each stock option that was outstanding and unexercised as of immediately prior to the Effective Time (as defined in the Merger Agreement), whether or not vested, was cancelled and converted into the right to receive cash in an amount equal to the product of (i) the number of shares of Company common stock for which such stock option had not then been exercised and (ii) the excess, if any, of the 38.50 per share in cash over the exercise price per share of Company common stock subject to each such stock option, without interest and less any required withholding taxes.
- [F4]Per the terms of the Merger Agreement, each restricted stock unit award that was outstanding as of immediately prior to the Effective Time (as defined in the Merger Agreement), was cancelled and converted into the right to receive cash in amount equal to $38.50 per share in cash, without interest and less any required withholding taxes.
- [F5]Per the terms of the Merger Agreement, each performance stock unit award (other than performance stock units described in Note 2 above) that was outstanding as of immediately prior to the Effective Time (as defined in the Merger Agreement), was cancelled and converted into the right to receive cash equal to the product of (i) (A) for performance stock units granted in 2016, the number of shares of Company common stock subject to such Company performance stock unit (assuming that any applicable performance conditions were deemed to be achieved at 150% of the target performance level), and (B) for performance stock units granted in 2017, the number of shares of Company common stock subject to such performance stock units (assuming that any applicable performance conditions were deemed to be achieved at the target performance level) and (ii) $38.50, without interest and less any required withholding taxes.
Documents
Issuer
SPECTRANETICS CORP
CIK 0000789132
Entity typeother
Related Parties
1- filerCIK 0001563408
Filing Metadata
- Form type
- 4
- Filed
- Aug 10, 8:00 PM ET
- Accepted
- Aug 11, 2:37 PM ET
- Size
- 19.6 KB