ORTHOVITA INC 3
3 · ORTHOVITA INC · Filed May 26, 2011
Insider Transaction Report
Form 3
ORTHOVITA INCVITA
STRYKER CORP
10% Owner
Holdings
- 0(indirect: See notes)
Common Stock
Footnotes (3)
- [F1]Owl Acquisition Corporation, a Delaware corporation ("Purchaser"), is an indirect wholly owned subsidiary of Stryker Corporation ("Stryker"). Purchaser's address is 2825 Airview Boulevard, Kalamazoo, Michigan 49002.
- [F2]On May 16, 2011, Orthovita, Inc. ("Orthovita") entered into an Agreement and Plan of Merger (the "Merger Agreement") with Stryker and Purchaser, which provides for the commencement of a tender offer by Purchaser to purchase all shares of common stock of Orthovita, at a price of $3.85 per Share, net to the seller in cash.
- [F3]Purchaser and Stryker may be deemed to have shared voting power of 13.28% of the outstanding Orthovita common stock pursuant to certain tender and voting agreements, dated May 16, 2011, by and among Purchaser, Stryker and certain shareholders of Orthovita. See the Schedule 13D filed by Stryker on May 26, 2011. Neither Stryker nor Purchaser has any pecuniary interest in the shares held by the shareholders and each expressly disclaims beneficial ownership of any shares of Orthovita's common stock covered by the tender and voting agreements.