4//SEC Filing
Brak Philippe 4
Accession 0001197817-10-000009
CIK 0001076930other
Filed
Jul 26, 8:00 PM ET
Accepted
Jul 27, 6:06 PM ET
Size
13.8 KB
Accession
0001197817-10-000009
Insider Transaction Report
Form 4
GSI GROUP INCLASR.PK
Brak Philippe
President and General Mgr
Transactions
- Award
Common Stock
2010-07-23+8,333→ 40,284 total - Award
Common Stock
2010-07-23+15,639→ 15,639 total - Other
Common Stock
2010-07-23−16,667→ 0 total - Exercise/Conversion
Common Stock
2010-07-23$1.80/sh+16,312$29,362→ 31,951 total - Exercise/Conversion
Subscription Rights (right to buy)
2010-07-23$1.80/sh+16,312$29,362→ 16,312 totalExercise: $1.80From: 2010-07-07Exp: 2010-07-23→ Common Stock (16,312 underlying)
Footnotes (3)
- [F1]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]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 16,312 New Common Shares to the Reporting Person on the Effective Date of the Plan.
- [F3]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 previsouly 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 typeother
Related Parties
1- filerCIK 0001422750
Filing Metadata
- Form type
- 4
- Filed
- Jul 26, 8:00 PM ET
- Accepted
- Jul 27, 6:06 PM ET
- Size
- 13.8 KB