Spriggle Richard W 4
4 · AMERICAN COMMERCIAL LINES INC. · Filed Dec 23, 2010
Insider Transaction Report
Form 4
Spriggle Richard W
SVP of Human Resources
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2010-12-21−20,242→ 0 totalExercise: $9.96Exp: 2019-03-09→ Common Stock (20,242 underlying) - Disposition to Issuer
Common Stock
2010-12-21$33.00/sh−500$16,500→ 9,116 total - Disposition to Issuer
Common Stock
2010-12-21−9,116→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2010-12-21−8,736→ 0 totalExercise: $22.01Exp: 2020-02-15→ Common Stock (8,736 underlying)
Footnotes (6)
- [F1]Disposed of pursuant to the terms of the Agreement and Plan of Merger by and among the issuer, Finn Holding Corporation (the "Parent") and Finn Merger Corporation, dated as of October 18, 2010 (the "Merger Agreement") in exchange for $33.00 per share (the "Merger Consideration") upon the closing of the merger.
- [F2]The restricted stock units held by the reporting person were cancelled pursuant to the terms of the Merger Agreement and, as set forth in the Merger Agreement, shall be assumed or substituted by Parent and converted automatically upon the closing of the merger into restricted stock units denominated in shares of common stock of Parent.
- [F3]The stock option grant vests as of 2,912 shares on February 15, 2011, 2,912 shares on February 15, 2012 and the remaining 2,912 shares on February 15, 2013.
- [F4]This option was cancelled pursuant to the terms of the Merger Agreement and, as set forth in the Merger Agreement, shall be assumed or substituted by Parent and converted automatically upon the closing of the merger into options denominated in shares of common stock of Parent.
- [F5]The stock option grant vests as to 6,747 shares on March 9, 2010, 6,747 shares on March 9, 2011 and the remaining 6,748 shares on March 9, 2012.
- [F6]This option was cancelled pursuant to the terms of the Merger Agreement and, as set forth in the Merger Agreement, (i) 6,747 shares (the "Vested Shares") were exchanged for cash equal to the difference between the Merger Consideration and the option exercise price multiplied by the number of Vested Shares and (ii) 13,495 shares shall be assumed or substituted by Parent and converted automatically upon the closing of the merger into options denominated in shares of common stock of Parent.