Gregory Joseph R 4
4 · ADAMS GOLF INC · Filed Jun 5, 2012
Insider Transaction Report
Form 4
ADAMS GOLF INCADGF
Gregory Joseph R
Director10% Owner
Transactions
- Disposition to Issuer
Common Stock
2012-06-01$10.80/sh−948,446$10,243,217→ 0 total
Footnotes (1)
- [F1]Effective June 1, 2012, pursuant to that certain Agreement and Plan of Merger, dated as of March 18, 2012, by and among Adams Golf, Inc. (the "Issuer"), Taylor Made Golf Company, Inc. ("Taylor Made") and Apple Tree Acquisition Corp., a wholly owned subsidiary of Taylor Made ("Apple Tree"), Apple Tree merged with and into the Issuer, with the Issuer continuing as the surviving corporation and as a wholly owned subsidiary of Taylor Made (the "Merger"). As consideration for the Merger, the shares of common stock held by the reporting person, including 7500 shares of restricted stock that vested in full upon consummation of the Merger, were automatically cancelled and converted into the right to receive $10.80 per share in cash.