PATHEON INC 4
4 · PATHEON INC · Filed Mar 12, 2014
Insider Transaction Report
Form 4
PATHEON INCPTI
FATMI AQEEL AHMAD
Chief Scientific Officer
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2014-03-11$6.35/sh−90,000$571,500→ 0 totalExercise: $2.97Exp: 2022-12-20→ Restricted Voting Shares (90,000 underlying)
Footnotes (3)
- [F1]The exercise price was converted from Canadian dollars 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.
- [F2]The option vests in five equal annual installments on December 21, 2013, December 21, 2014, December 21, 2015, December 21, 2016, and December 21, 2017.
- [F3]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, this option was cancelled 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.