MEADE INSTRUMENTS CORP 4
4 · MEADE INSTRUMENTS CORP · Filed Sep 16, 2013
Insider Transaction Report
Form 4
MCQUAY TIMOTY C
Director
Transactions
- Other
STOCK OPTIONS (Right to purchase)
2013-09-13$1.20/sh−250$300→ 0 totalExercise: $3.30Exp: 2020-07-13→ Common Stock (250 underlying) - Other
STOCK OPTIONS (Right to purchase)
2013-09-13$0.75/sh−250$188→ 0 totalExercise: $3.75Exp: 2022-07-12→ Common Stock (250 underlying) - Other
COMMON STOCK
2013-09-13$4.50/sh−100$450→ 0 total
Footnotes (4)
- [F1]Effective Septemer 13, 2013, pursuant to that certain Agreement and Plan of Merger, dated as of July 16, 2013 (and amended on August 5, 2013), among the Meade Instruments Corp. (the "Issuer"), Sunny Optics, Inc. ("Sunny") and Sunny Optics Merger Sub, Inc. ("Meger Sub"), Meger Sub merged with and into the Issuer, with the Issuer continuing as the surviving corporation and as a wholly-owned subsidiary of Sunny (the "Meger"). As consideration for the Meger, the Shares of common stock held by the reporting person, including 500 restricted shares of common stock that vested in full upon consummation of the merger, were converted into the right to receive $4.50 per share in cash.
- [F2]In conection with the Merger, all options to purchase shares of the Issuer's common stock with exercise prices less than $4.50 held by the reporting person were converted into the right to receive a cash payment equal to the excess of $4.50 over the per share exercise price of such options for each share of the Issuer's common stock subject to such options.
- [F3]These options vested in substantially equal installments on the first three anniversaries of the option grant date, July 14, 2010.
- [F4]These options vested in substantially equal installments on the first three anniversaries of the option grant date, July 12, 2012.