LINDEMANN DARYL R 4
4 · MORTON INDUSTRIAL GROUP INC · Filed Aug 29, 2006
Insider Transaction Report
Form 4
LINDEMANN DARYL R
CFO, Secretary
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2006-08-25−4,167→ 0 totalExercise: $0.33From: 2005-06-17Exp: 2012-06-17→ Class A Common Stock (4,167 underlying) - Disposition to Issuer
Class A Common Stock
2006-08-25$10.00/sh−91,196$911,960→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2006-08-25−15,000→ 0 totalExercise: $1.88Exp: 2011-02-05→ Class A Common Stock (15,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2006-08-25−33,334→ 0 totalExercise: $0.15From: 2006-02-26Exp: 2013-02-26→ Class A Common Stock (33,334 underlying) - Other
Class A Common Stock
2006-08-25$10.00/sh−25,000$250,000→ 91,196 total
Footnotes (6)
- [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 issuer and MMC Precision Merger Corp. ("Merger Sub") in exchange for 250,000 shares of Holdings common stock having a market value of $1.00 per share on the effective date of the Merger.
- [F2]Disposed of in the Merger pursuant to the merger agreement between Issuer, Merger Sub and Holdings (the "Merger Agreement") in exchange for $911,960.
- [F3]This option grant was exercisable as follows: 5,000 shares on 2/05/2002, 5,000 shares on 2/05/2003 and 5,000 shares on 2/05/2004.
- [F4]This option was canceled in the Merger in exchange for a cash payment of approximately $121,875, representing the difference between 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).
- [F5]This option was canceled in the Merger in exchange for a cash payment of approximately $40,316, representing the difference between 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 ($9.675 per share).
- [F6]This option was canceled in the Merger in exchange for a cash payment of approximately $328,340, 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).