PENFORD CORP 4
4 · PENFORD CORP · Filed Mar 11, 2015
Insider Transaction Report
Form 4
PENFORD CORPPENX
ZELL MATTHEW
Director
Transactions
- Disposition to Issuer
Common Stock
2015-03-11$19.00/sh−7,816$148,504→ 0 total
Footnotes (1)
- [F1]Common Stock and derivative securities of Penford Corporation ("Issuer") were disposed of pursuant to the transactions contemplated by the Agreement and Plan of Merger among Issuer, Ingredion Incorporated ("Acquiror"), and Prospect Sub, Inc., dated as of October 14, 2014 (the "Merger Agreement"). Upon closing of the transactions contemplated by the Merger Agreement (the "Effective Time"), Issuer became a wholly owned subsidiary of Acquiror, and each share of Common Stock of Issuer, including outstanding restricted stock which by its terms became fully vested at the Effective Time, was converted into the right to receive $19 in cash.