4//SEC Filing
GSI GROUP INC 4
Accession 0001197817-10-000005
$NOVTCIK 0001076930operating
Filed
Jul 26, 8:00 PM ET
Accepted
Jul 27, 4:48 PM ET
Size
14.1 KB
Accession
0001197817-10-000005
Insider Transaction Report
Form 4
GSI GROUP INCLASR.PK
BELLANTUONI ANTHONY J
Vice President
Transactions
- Other
Common Stock
2010-07-23−21,335→ 0 total - Award
Common Stock
2010-07-23+28,840→ 28,840 total - Award
Common Stock
2010-07-23+4,166→ 58,006 total - Exercise/Conversion
Subscription Rights (right to buy)
2010-07-23$1.80/sh+25,000$45,000→ 25,000 totalExercise: $1.80From: 2010-07-07Exp: 2010-07-23→ Common Stock (25,000 underlying) - Exercise/Conversion
Common Stock
2010-07-23$1.80/sh+25,000$45,000→ 53,840 total
Footnotes (4)
- [F1](1) On July 23, 2010 (the "Effective Date"), the Final Fourth Modified Joint Chapter 11 Plan of Reorganization for MES International Inc. ("MES"), GSI Group Inc. (the "Company") and GSI Group Corporation ("GSI" and, collectively with MES and the Company, the "Debtors"), as confirmed by the United States Bankruptcy Court for the District of Delaware on May 27, 2010 (the "Plan"), became effective and the Debtors emerged from Chapter 11 protection. In connection with the Plan, (i) all common shares and vested share rights of the Company that were outstanding prior to the Effective Date (Collectively, the "Old Common Shares") were cancelled and (ii) new common shares of the Company, as reorganized ("New Common Shares"), were issued to holders of such Old Common Shares under the Final Plan on a one-for-one basis, subject to a 6.165% escrow as contemplated in the Plan.
- [F2]Includes 8,820 New Common Shares issued in exchange for certain vested share rights of the Company and 20,020 New Common Shares issued in exchange for Old Common Shares held by the Reporting Person.
- [F3]Pursuant to the rights offering contemplated under the Plan, the Reporting Person elected to subscribe for New Common Shares of the Company at a purchase price of $1.80 per New Common Share. In connection with such election, the Company issued 25,000 New Common Shares to the Reporting Person on the Effective Date of the Plan.
- [F4]These shares represent restricted stock grants of the Reporting Person as of the Effective Date pursuant to the Plan in satisfaction of such person's claims for restricted stock or rights to restricted stock against the Debtors. Such shares shall vest on March 14, 2011. To the extent such restricted stock was previously reported by the Reporting Person prior to the Effective Date, the terms and conditions of the restricted stock as reported herein supersede any previously reported terms.
Documents
Issuer
GSI GROUP INC
CIK 0001076930
Entity typeoperating
IncorporatedNew Brunswick, Canada
Related Parties
1- filerCIK 0001076930
Filing Metadata
- Form type
- 4
- Filed
- Jul 26, 8:00 PM ET
- Accepted
- Jul 27, 4:48 PM ET
- Size
- 14.1 KB