4//SEC Filing
PATHEON INC 4
Accession 0001181431-14-012363
CIK 0001400431operating
Filed
Mar 11, 8:00 PM ET
Accepted
Mar 12, 4:16 PM ET
Size
13.7 KB
Accession
0001181431-14-012363
Insider Transaction Report
Form 4
PATHEON INCPTI
Watchorn Derek John
Director
Transactions
- Exercise/Conversion
Restricted Voting Shares
2014-03-11+174,035→ 225,473 total - Disposition to Issuer
Employee Stock Option (right to buy)
2014-03-11$0.83/sh−5,000$4,150→ 0 totalExercise: $8.49From: 2006-06-09Exp: 2015-06-08→ Restricted Voting Shares (5,000 underlying) - Disposition to Issuer
Restricted Voting Shares
2014-03-11$9.32/sh−225,473$2,101,408→ 0 total - Exercise/Conversion
Deferred Share Units
2014-03-11−174,035→ 0 total→ Restricted Voting Shares (174,035 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2014-03-11−5,000→ 0 totalExercise: $9.94From: 2005-04-21Exp: 2014-04-21→ Restricted Voting Shares (5,000 underlying)
Footnotes (5)
- [F1]Each Deferred Share Unit was the economic equivalent of one Restricted Voting Share. Pursuant to the Arrangement Agreement (the "Agreement") by and between Patheon Inc. and JLL/Delta Patheon Holdings, L.P., dated as of November 18, 2013, on the effective date of the arrangement contemplated by the Agreement (the "Arrangement") each Deferred Share Unit was automatically converted into the right to receive US$9.32.
- [F2]Pursuant to the Agreement, on the effective date of the Arrangement each of these Restricted Voting Shares were automatically converted into the right to receive US$9.32.
- [F3]The exercise price was converted from C$11.04 based on the March 10, 2014 closing rate of exchange of 1.1105 Canadian dollars per U.S. dollars as quoted by Reuters. The actual exercise price is the Canadian dollar amount regardless of the exchange rate on the date of exercise.
- [F4]This option was cancelled in the Arrangement in exchange for a cash payment equal to the product of (i) the excess of US$9.32 over the exercise price per share of the option and (ii) the total number of shares underlying the option. Any option with an exercise price equal to or greater then US$9.32 was cancelled without consideration.
- [F5]The exercise price was converted from C$9.43 based on the March 10, 2014 closing rate of exchange of 1.1105 Canadian dollars per U.S. dollars as quoted by Reuters. The actual exercise price is the Canadian dollar amount regardless of the exchange rate on the date of exercise.
Documents
Issuer
PATHEON INC
CIK 0001400431
Entity typeoperating
Related Parties
1- filerCIK 0001400431
Filing Metadata
- Form type
- 4
- Filed
- Mar 11, 8:00 PM ET
- Accepted
- Mar 12, 4:16 PM ET
- Size
- 13.7 KB