4//SEC Filing
ATS MEDICAL INC 4
Accession 0001181431-10-042008
CIK 0000824068operating
Filed
Aug 15, 8:00 PM ET
Accepted
Aug 16, 5:03 PM ET
Size
23.5 KB
Accession
0001181431-10-042008
Insider Transaction Report
Form 4
ATS MEDICAL INCATSI
SUTTER MARTIN P
Director10% Owner
Transactions
- Disposition to Issuer
Common Stock
2010-08-12−273,030→ 0 total(indirect: Essex Woodlands Health Ventures Fund VIII-B, L.P.) - Disposition to Issuer
Restricted Stock Unit
2010-08-12$4.00/sh−3,000$12,000→ 0 totalFrom: 2010-12-19Exp: 2010-12-19→ Common Stock (3,000 underlying) - Disposition to Issuer
Restricted Stock Unit
2010-08-12$4.00/sh−11,392$45,568→ 0 totalFrom: 2012-06-30Exp: 2012-06-30→ Common Stock (11,392 underlying) - Disposition to Issuer
Common Stock
2010-08-12−627,968→ 0 total(indirect: Essex Woodlands Health Ventures Fund VIII-A, L.P.) - Disposition to Issuer
Common Stock
2010-08-12−50,000→ 0 total - Disposition to Issuer
Warrants
2010-08-12$4.00/sh−1,316,955$5,267,820→ 0 total(indirect: Essex Woodlands Health Ventures Fund VIII, L.P.)Exercise: $2.85From: 2008-12-19Exp: 2015-12-19→ Common Stock (1,316,955 underlying) - Disposition to Issuer
Restricted Stock Unit
2010-08-12$4.00/sh−15,901$63,604→ 0 totalFrom: 2011-06-30Exp: 2011-06-30→ Common Stock (15,901 underlying) - Disposition to Issuer
Common Stock
2010-08-12−8,709,641→ 0 total(indirect: Essex Woodlands Health Ventures Fund VIII, L.P.) - Disposition to Issuer
Warrants
2010-08-12$4.00/sh−94,953$379,812→ 0 total(indirect: Essex Woodlands Health Ventures Fund VIII-A, L.P.)Exercise: $2.85From: 2008-12-19Exp: 2015-12-19→ Common Stock (94,953 underlying) - Disposition to Issuer
Warrants
2010-08-12$4.00/sh−41,284$165,136→ 0 total(indirect: Essex Woodlands Health Ventures Fund VIII-B, L.P.)Exercise: $2.85From: 2008-12-19Exp: 2015-12-19→ Common Stock (41,284 underlying)
Footnotes (5)
- [F1]In connection with the merger of a subsidiary of Medtronic, Inc. into Issuer on August 12, 2010 (the "Merger") pursuant to an agreement and plan of merger dated April 28, 2010, all shares of Issuer common stock were converted into the right to receive $4 per share in cash.
- [F2]This restricted stock unit, the vesting of which was accelerated in connection with the Merger, was cancelled in the merger in exchange for the right to receive a cash payment equal to the product of (i) the total number of shares of stock represented by the restricted stock unit, multiplied by (ii) $4 per share, less applicable withholding taxes.
- [F3]This warrant was cancelled in the merger in exchange for the right to receive a cash payment equal to the product of (i) the total number of shares subject to the warrants, multiplied by (ii) the excess, if any, of $4 over the exercise price per share of the shares subject to the warrant, less any applicable withholding taxes.
- [F4]1 unit for 1 share of Common Stock.
- [F5]Warrants are exercisable at a price of $2.475 per share during the first year, $2.85 per share during the second year, and $3.10 thereafter.
Documents
Issuer
ATS MEDICAL INC
CIK 0000824068
Entity typeoperating
IncorporatedMN
Related Parties
1- filerCIK 0000824068
Filing Metadata
- Form type
- 4
- Filed
- Aug 15, 8:00 PM ET
- Accepted
- Aug 16, 5:03 PM ET
- Size
- 23.5 KB