PATHEON INC 4
4 · PATHEON INC · Filed Mar 12, 2014
Insider Transaction Report
Form 4
PATHEON INCPTI
LYTTON MICHAEL
EVP CORPORATE DEVELOPMENT & ST
Transactions
- Disposition to Issuer
Employee Stock Option (Right to Buy)
2014-03-11$7.44/sh−240,000$1,785,600→ 0 totalExercise: $1.88Exp: 2021-06-14→ Restricted Voting Shares (240,000 underlying) - Disposition to Issuer
Restricted Voting Shares
2014-03-11$9.32/sh−379,030$3,532,560→ 0 total
Footnotes (4)
- [F1]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 of these Restricted Voting Shares were automatically converted into the right to receive US$9.32.
- [F2]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.
- [F3]The option vests in five equal annual installments on June 15, 2012, June 15, 2013, June 15, 2014, June 15, 2015 and June 15, 2016.
- [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.