4//SEC Filing
MATERIAL SCIENCES CORP 4
Accession 0001181431-14-013841
CIK 0000755003operating
Filed
Mar 23, 8:00 PM ET
Accepted
Mar 24, 7:20 PM ET
Size
14.1 KB
Accession
0001181431-14-013841
Insider Transaction Report
Form 4
NASTAS CLIFFORD D
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Stock Option (right to buy)
2014-03-20$5.25/sh−60,000$315,000→ 0 totalExercise: $7.50Exp: 2018-02-28→ Common Stock (60,000 underlying) - Exercise/Conversion
Stock Option (right to buy)
2014-03-20$4.00/sh−60,000$240,000→ 0 totalExercise: $8.75Exp: 2019-02-28→ Common Stock (60,000 underlying) - Exercise/Conversion
Stock Option (right to buy)
2014-03-20$10.75/sh−60,000$645,000→ 0 totalExercise: $2.00Exp: 2017-02-28→ Common Stock (60,000 underlying) - Exercise/Conversion
Stock Option (right to buy)
2014-03-20$2.50/sh−30,000$75,000→ 0 totalExercise: $10.25Exp: 2020-02-28→ Common Stock (30,000 underlying) - Disposition to Issuer
Common Stock
2014-03-20$12.75/sh−79,372$1,011,993→ 0 total
Footnotes (5)
- [F1]Upon completion of the merger between the Issuer and Zink Acquisition Merger Sub Inc., these shares of common stock converted into the right to receive $12.75 per share in cash, without interest and less applicable withholding taxes.
- [F2]This Option, which became fully vested on March 1, 2013, was canceled in the merger between the Issuer and Zink Acquisition Merger Sub Inc. in exchange for a cash payment of $645,000, representing the difference between the exercise price of the option and the $12.75 per share consideration payable in the merger.
- [F3]This Option, which became fully vested on March 1, 2014, was canceled in the merger between the Issuer and Zink Acquisition Merger Sub Inc. in exchange for a cash payment of $315,000, representing the difference between the exercise price of the option and the $12.75 per share consideration payable in the merger.
- [F4]This Option, which would have become fully vested on March 1, 2015, was canceled in the merger between the Issuer and Zink Acquisition Merger Sub Inc. in exchange for a cash payment of $240,000, representing the difference between the exercise price of the option and the $12.75 per share consideration payable in the merger.
- [F5]This Option, which would have become fully vested on March 1, 2016, was canceled in the merger between the Issuer and Zink Acquisition Merger Sub Inc. in exchange for a cash payment of $75,000, representing the difference between the exercise price of the option and the $12.75 per share consideration payable in the merger.
Documents
Issuer
MATERIAL SCIENCES CORP
CIK 0000755003
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000755003
Filing Metadata
- Form type
- 4
- Filed
- Mar 23, 8:00 PM ET
- Accepted
- Mar 24, 7:20 PM ET
- Size
- 14.1 KB