4//SEC Filing
PATHEON INC 4
Accession 0001181431-14-012458
CIK 0001400431operating
Filed
Mar 11, 8:00 PM ET
Accepted
Mar 12, 8:56 PM ET
Size
8.9 KB
Accession
0001181431-14-012458
Insider Transaction Report
Form 4
PATHEON INCPTI
New Rebecca Holland
SVP Human Resources
Transactions
- Disposition to Issuer
Employee Stock Option (Right to Buy)
2014-03-11$7.93/sh−170,000$1,348,100→ 0 totalExercise: $1.39Exp: 2021-09-13→ Restricted Voting Shares (170,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2014-03-11$7.47/sh−194,250$1,451,048→ 0 totalExercise: $1.85Exp: 2022-06-17→ Restricted Voting Shares (194,250 underlying)
Footnotes (5)
- [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]This option was exercisable for a total of 250,000 shares of restricted voting shares, however, 80,000 shares underlying the option grant were cancelled for no value in connection with the Arrangement (defined below).
- [F3]The option vests in five equal annual installments on September 14, 2012, September 14, 2013, September 14, 2014, September 14, 2015, and September 14, 2016.
- [F4]The options may be exercised, in whole or in part, at any time and from time to time, on or after the earlier of: the achievement by Patheon Inc. of US$175,000,000 adjusted EBITDA during any fiscal year ending after the date of grant until expiry; or on or after June 18, 2017 until expiry.
- [F5]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.
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, 8:56 PM ET
- Size
- 8.9 KB