WEBB STEPHEN 4
4 · GSI GROUP INC · Filed Jul 27, 2010
Insider Transaction Report
Form 4
GSI GROUP INCLASR.PK
WEBB STEPHEN
Managing Director
Transactions
- Award
Common Stock
2010-07-23+25,743→ 25,743 total - Award
Common Stock
2010-07-23+4,166→ 29,909 total - Other
Common Stock
2010-07-23−21,168→ 0 total
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 reorgzniaed ("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 5,880 New Common Shares issued in exchange for certain vested share rights of the Company and 19,863 New Common Shares issued in exchange for Old Common Shares held by the Reporting Person.
- [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 previsuly 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.