MORTON INDUSTRIAL GROUP INC 4
4 · MORTON INDUSTRIAL GROUP INC · Filed Aug 29, 2006
Insider Transaction Report
Form 4
MORTON WILLIAM D
DirectorChairman, CEO and President10% Owner
Transactions
- Other
Class A Common Stock
2006-08-25$10.00/sh−550,000$5,500,000→ 675,000 total - Disposition to Issuer
Class B Common Stock
2006-08-25−100,000→ 0 total→ Class A Common Stock (100,000 underlying) - Gift
Class A Common Stock
2006-08-21−28,990→ 1,225,000 total - Disposition to Issuer
Class A Common Stock
2006-08-25$10.00/sh−675,000$6,750,000→ 0 total
Footnotes (4)
- [F1]Disposed of, pursuant to the contribution agreement among the Reporting Person, MMC Precision Holdings Corp. ("Holdings") and the other parties thereto in connection with the merger (the "Merger") between the Issuer and MMC Precision Merger Corp. ("Merger Sub"), in exchange for 5,500,000 shares of Holdings common stock, each such share having a market value of $1.00 per share on the effective date of the Merger.
- [F2]Disposed of in the Merger in exchange for $6,750,000, pursuant to the merger agreement between the Issuer, Merger Sub and Holdings (the "Merger Agreement").
- [F3]The Class B Common Stock was convertible into shares of Class A Common Stock at any time on a one-for-one basis.
- [F4]Disposed of in the Merger in exchange for $1,000,000, pursuant to the Merger Agreement.