WMS INDUSTRIES INC /DE/ 4
4 · WMS INDUSTRIES INC /DE/ · Filed Oct 18, 2013
Insider Transaction Report
Form 4
Lochiatto Kenneth
EVP and COO
Transactions
- Disposition to Issuer
Common Stock
2013-10-18$26.00/sh−77,953$2,026,778→ 18,264 total - Disposition to Issuer
Stock Option
2013-10-18$7.74/sh−40,000$309,600→ 0 totalExercise: $18.26Exp: 2016-06-30→ Common Stock (40,000 underlying) - Disposition to Issuer
Stock Option
2013-10-18$5.95/sh−60,935$362,563→ 0 totalExercise: $20.05Exp: 2018-09-15→ Common Stock (60,935 underlying) - Disposition to Issuer
Common Stock
2013-10-18−18,264→ 0 total - Disposition to Issuer
Stock Option
2013-10-18$9.48/sh−45,437$430,743→ 0 totalExercise: $16.52Exp: 2019-12-06→ Common Stock (45,437 underlying)
Footnotes (3)
- [F1]Represents shares of common stock and restricted stock units that were cancelled and converted into the right to receive $26.00 per share pursuant to the merger agreement between Issuer and Scientific Games Corporation (the "Merger Agreement").
- [F2]Disposed of pursuant to the Merger Agreement in exchange for restricted stock units of Scientific Games Corporation using an exchange ratio based on the per-share closing price of WMS common stock on the merger closing date to the per-share closing price of Scientific Games Corporation on the merger closing date.
- [F3]This option was cancelled and converted pursuant to the Merger Agreement into the right to receive a cash payment equal to $26.00 per share minus the exercise price, multiplied by the number of options.