4//SEC Filing
SCHATZ DOUGLAS S 4
Accession 0001209191-10-056914
CIK 0000927003other
Filed
Nov 23, 7:00 PM ET
Accepted
Nov 24, 5:23 PM ET
Size
12.5 KB
Accession
0001209191-10-056914
Insider Transaction Report
Form 4
Schatz Jill E
10% Owner
Transactions
- Other
Common Stock
2010-11-22$11.66/sh−163,324$1,905,011→ 4,280,942 total - Other
Put Option (right to sell) under Prepaid Forward Contract
2010-11-22−200,000→ 0 totalFrom: 2010-11-22Exp: 2010-11-22→ Common Stock (200,000 underlying)
SCHATZ DOUGLAS S
Director
Transactions
- Other
Common Stock
2010-11-22$11.66/sh−163,324$1,905,011→ 4,280,942 total - Other
Put Option (right to sell) under Prepaid Forward Contract
2010-11-22−200,000→ 0 totalFrom: 2010-11-22Exp: 2010-11-22→ Common Stock (200,000 underlying)
Transactions
- Other
Common Stock
2010-11-22$11.66/sh−163,324$1,905,011→ 4,280,942 total - Other
Put Option (right to sell) under Prepaid Forward Contract
2010-11-22−200,000→ 0 totalFrom: 2010-11-22Exp: 2010-11-22→ Common Stock (200,000 underlying)
Footnotes (4)
- [F1]On November 22, 2010, The Douglas S. Schatz and Jill E. Schatz Family Trust settled a variable prepaid forward contract that was entered into on May 8, 2009 with a securities broker. The contract obligated the Family Trust to deliver to the securities broker up to 200,000 shares of AEIS common stock (or, at the Family Trust's election, an equivalent amount in cash) on the maturity date of the contract, which was November 22, 2010. In exchange for assuming this obligation, the Family Trust received a cash payment of $1,372,863 upon execution of the contract. The Family Trust had pledged 200,000 shares of AEIS common stock to secure its obligations under the contract, but retained dividend and voting rights in such shares during the term of the pledge.
- [F2]The contract provided that the number of shares of AEIS common stock that the Family Trust would be obligated to deliver to the securities broker on the maturity date would be determined based on the closing price of AEIS common stock on the maturity date. As of the maturity date, such closing price was $11.664 , and the Family Trust transferred 163,324 shares of AEIS common stock to the securities broker. The remaining shares were released from the pledge account with the securities broker but immediately were pledged to Silicon Valley Bank as collateral for a line of credit entered into by the Family Trust, Douglas Schatz and Jill Schatz.
- [F3]Douglas S. Schatz and Jill E. Schatz, husband and wife, are co-trustees of the Family Trust and may be deemed to be indirect beneficial owners of the shares of AEIS common stock held directly by the Family Trust. This Form 4 is filed by the Family Trust and Jill E. Schatz. A separate Form 4 is being filed by Douglas S. Schatz.
- [F4]300,000 shares of AEIS common stock on this Form 4 are pledged to a securities broker in connection with variable prepaid forward contracts entered into by the Family Trust, which have maturity dates ranging from December 3, 2010 to December 13, 2010. All other shares of AEIS common stock reported on this Form 4 are held directly by the Family Trust and are pledged to Silicon Valley bank as collateral for a line of credit entered into by the Family Trust, Douglas S. Schatz and Jill E. Schatz.
Documents
Issuer
ADVANCED ENERGY INDUSTRIES INC
CIK 0000927003
Entity typeother
Related Parties
1- filerCIK 0001007705
Filing Metadata
- Form type
- 4
- Filed
- Nov 23, 7:00 PM ET
- Accepted
- Nov 24, 5:23 PM ET
- Size
- 12.5 KB