HARRISON RODNEY B 4
4 · MORTON INDUSTRIAL GROUP INC · Filed Aug 29, 2006
Insider Transaction Report
Form 4
HARRISON RODNEY B
Vice President of Finance
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2006-08-25−2,500→ 0 totalExercise: $1.88Exp: 2011-02-05→ Class A Common Stock (2,500 underlying) - Disposition to Issuer
Stock Option (right to buy)
2006-08-25−3,334→ 0 totalExercise: $0.15From: 2006-02-07Exp: 2013-02-07→ Class A Common Stock (3,334 underlying) - Disposition to Issuer
Class A Common Stock
2006-08-25$10.00/sh−14,532$145,320→ 0 total
Footnotes (5)
- [F1]Disposed of in exchange for $145,320 pursuant to the merger agreement (the "Merger Agreement") between Issuer, MMC Precision Merger Corp. ("Merger Sub") and MMC Precision Holdings Corp. ("Holdings") in connection with the merger (the "Merger") of Issuer and Merger Sub.
- [F2]This option grant was exercisable as follows: 833 shares on 2/05/2002, 833 shares on 2/05/2003 and 834 shares on 2/05/2004.
- [F3]This option was canceled in the Merger in exchange for a cash payment of $20,312.50, representing the difference between the exercise price of the option and the $10.00 per share of Class A common stock payable by Holdings under the Merger Agreement on the effective date of the Merger ($8.125 per share).
- [F4]This option was canceled in the Merger in exchange for a cash payment of approximately $32,840, representing the difference between the exercise price of the option and the $10.00 per share of Class A common stock payable by Holdings under the Merger Agreement on the effective date of the Merger ($9.85 per share).
- [F5]This option was canceled in the Merger in exchange for a cash payment of approximately $32,840, representing the difference between the exercise price of the option and the $10.00 per share of Class A common stock payable by Holdings under the Merger Agreement on the effective date of the Merger ($9.85 per share).