4//SEC Filing
REACH BRIAN L 4
Accession 0001209191-10-061468
CIK 0001099918other
Filed
Dec 16, 7:00 PM ET
Accepted
Dec 17, 5:51 PM ET
Size
10.8 KB
Accession
0001209191-10-061468
Insider Transaction Report
Form 4
REACH BRIAN L
DirectorPresident, COO and Secretary
Transactions
- Disposition to Issuer
Common Stock
2010-12-15$8.20/sh−172,000$1,410,400→ 0 total - Disposition to Issuer
Option (Right to Buy)
2010-12-15−10,000→ 0 totalExercise: $3.71Exp: 2012-05-31→ Common Stock (10,000 underlying) - Disposition to Issuer
Option (Right to Buy)
2010-12-15−100,000→ 0 totalExercise: $3.85Exp: 2016-06-23→ Common Stock (100,000 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to that certain Agreement and Plan of Merger, dated as of October 5, 2010, by and among Kratos Defense & Security Solutions, Inc., a Delaware corporation, Hammer Acquisition Inc., a Delaware corporation and the Issuer, as amended, whereby holders of the Issuer's common stock are entitled to receive $8.20 per share, without interest, for each share of common stock they hold.
- [F2]This option, which does not vest until May 31, 2011, was assumed by Kratos and converted into an option to purchase a number of shares of Kratos's common stock equal to the product (rounded down to the nearest whole share) of (a) the number of shares of the Issuer's common stock that could be purchased under the assumed option multiplied (b) by 0.7715. The assumed option will otherwise have the same terms as in effect prior to the conversion, except that (i) it will be denominated in Kratos's common stock and (ii) the per share exercise price of such option shall be adjusted by dividing its exercise price by 0.7715.
- [F3]This option, which fully vested upon the change in control of the Issuer triggered by the merger, was assumed by Kratos and converted into an option to purchase a number of shares Kratos's common stock equal to the product (rounded down to the nearest whole share) of (a) the number of shares of the Issuer's common stock that could be purchased under the assumed option multiplied (b) by 0.7715. The assumed option will otherwise have the same terms as in effect prior to the conversion, except that (i) it will be denominated in Kratos's common stock and (ii) the per share exercise price of such option shall be adjusted by dividing its exercise price by 0.7715.
Documents
Issuer
Henry Bros. Electronics, Inc.
CIK 0001099918
Entity typeother
Related Parties
1- filerCIK 0001046133
Filing Metadata
- Form type
- 4
- Filed
- Dec 16, 7:00 PM ET
- Accepted
- Dec 17, 5:51 PM ET
- Size
- 10.8 KB