4//SEC Filing
Chaparral Steel CO 4
Accession 0001209191-07-053623
CIK 0001319048operating
Filed
Sep 16, 8:00 PM ET
Accepted
Sep 17, 10:35 AM ET
Size
12.2 KB
Accession
0001209191-07-053623
Insider Transaction Report
Form 4
WILLIAMS ELIZABETH C
Director
Transactions
- Gift
Common Stock
2007-09-11−5,800→ 8,222 total - Disposition to Issuer
Common Stock
2007-09-14$86.00/sh−8,222$707,092→ 0 total - Disposition to Issuer
Stock Option (right to purchase)
2007-09-14$83.02/sh−24,008$1,993,024→ 0 totalExercise: $2.98Exp: 2012-10-15→ Common Stock (24,008 underlying) - Disposition to Issuer
Phantom Stock
2007-09-14$86.00/sh−40,480.07$3,481,286→ 0 total→ Common Stock (40,480.07 underlying)
Footnotes (3)
- [F1]These shares were disposed of in connection with Chaparral Steel Company's acquisition by Gerdau Ameristeel Corporation (effective September 14, 2007) (the "Acquisition"). Pursuant to the merger agreement, the reporting person is entitled to receive a cash payment equal to $86 multiplied by the number of shares which were disposed of in connection with the Acquisition.
- [F2]These options, including options which were scheduled to vest in the future, were cancelled in connection with the Acquisition. Pursuant to the merger agreement, the reporting person is entitled to receive a cash payment equal to the difference between $86 and the exercise price of the subject options multiplied by the number of options which were cancelled in connection with the Acquisition.
- [F3]These phantom shares were scheduled to convert to shares of common stock on a one for one basis after the reporting person ceased being a member of the issuer's Board of Directors. These phantom shares were disposed of in connection with the Acquisition. Pursuant to the merger agreement, the reporting person is entitled to receive a cash payment equal to $86 multiplied by the number of phantom shares disposed of in connection with the Acquisition.
Documents
Issuer
Chaparral Steel CO
CIK 0001319048
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001319048
Filing Metadata
- Form type
- 4
- Filed
- Sep 16, 8:00 PM ET
- Accepted
- Sep 17, 10:35 AM ET
- Size
- 12.2 KB