4//SEC Filing
MEDTRONIC INC 4
Accession 0001209191-15-007288
CIK 0000064670operating
Filed
Jan 27, 7:00 PM ET
Accepted
Jan 28, 9:41 PM ET
Size
15.7 KB
Accession
0001209191-15-007288
Insider Transaction Report
Form 4
ISHRAK OMAR
DirectorChairman & CEO
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2015-01-26−221,765→ 0 totalExercise: $55.32Exp: 2023-07-29→ Common stock (221,765 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2015-01-26−223,073→ 0 totalExercise: $62.76Exp: 2024-07-28→ Common stock (223,073 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2015-01-26−290,338→ 0 totalExercise: $38.81Exp: 2022-07-30→ Common stock (290,338 underlying) - Disposition to Issuer
Common stock
2015-01-26−574,343.427→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2015-01-26−323,013→ 0 totalExercise: $34.88Exp: 2021-08-24→ Common stock (323,013 underlying)
Footnotes (5)
- [F1]Represents shares of Medtronic, Inc. ("Medtronic"), including a balance increase of 4,376.049 shares since the officer's last Form 4 filing due to exempt transactions such as dividend reinvestment, disposed of pursuant to the merger (the "Merger") of a wholly-owned subsidiary of Medtronic plc ("New Medtronic") with and into Medtronic, with Medtronic surviving as a wholly-owned subsidiary of New Medtronic, in exchange for ordinary shares of New Medtronic, which was consummated after and conditioned on New Medtronic's acquisition of Covidien plc, by means of a "scheme of arrangement", an Irish statutory procedure under the Companies Act of 1963. At the effective time of the Merger, each Medtronic common share was cancelled and converted into the right to receive one New Medtronic ordinary share. Under the terms of the Merger, Mr. Ishrak received cash in lieu of fractional shares of New Medtronic and restricted stock units were rounded up to the nearest whole share.
- [F2]This option, which was partially vested at the effective time of the Merger, was assumed by New Medtronic in the Merger and converted into an option to purchase 323,013 ordinary shares of New Medtronic for $34.88 per share with the same terms and conditions as the original Medtronic stock option.
- [F3]This option, which was partially vested at the effective time of the Merger, was assumed by New Medtronic in the Merger and converted into an option to purchase 290,338 ordinary shares of New Medtronic for $38.81 per share with the same terms and conditions as the original Medtronic stock option.
- [F4]This option, which was partially vested at the effective time of the Merger, was assumed by New Medtronic in the Merger and converted into an option to purchase 221,765 ordinary shares of New Medtronic for $55.32 per share with the same terms and conditions as the original Medtronic stock option.
- [F5]This option, which was unvested at the effective time of the Merger, was assumed by New Medtronic in the Merger and converted into an option to purchase 223,073 ordinary shares of New Medtronic for $62.76 per share with the same terms and conditions as the original Medtronic stock option.
Documents
Issuer
MEDTRONIC INC
CIK 0000064670
Entity typeoperating
IncorporatedMN
Related Parties
1- filerCIK 0000064670
Filing Metadata
- Form type
- 4
- Filed
- Jan 27, 7:00 PM ET
- Accepted
- Jan 28, 9:41 PM ET
- Size
- 15.7 KB