Exelis Inc. 4
4 · Exelis Inc. · Filed Jun 2, 2015
Insider Transaction Report
Form 4
Exelis Inc.XLS
Kern Paul J
Director
Transactions
- Disposition to Issuer
Common Stock
2015-05-29−47,278→ 0 total - Disposition to Issuer
Director Stock Option (Right to Buy)
2015-05-29$10.80/sh−2,413$26,060→ 0 totalExercise: $13.91Exp: 2015-08-07→ Common Stock (2,413 underlying) - Disposition to Issuer
Director Stock Option (Right to Buy)
2015-05-29$17.79/sh−4,315$76,764→ 0 totalExercise: $6.92Exp: 2016-03-05→ Common Stock (4,315 underlying) - Disposition to Issuer
Director Stock Option (Right to Buy)
2015-05-29$13.56/sh−3,108$42,144→ 0 totalExercise: $11.15Exp: 2020-03-05→ Common Stock (3,108 underlying)
Footnotes (4)
- [F1]Includes (a) 38,018 shares of issuer common stock disposed of pursuant to a merger agreement between the issuer and Harris Corporation in exchange for (i) .1025 shares of common stock of Harris Corporation (market value of $8.12 per .1025 shares of common stock of Harris Corporation) and (ii) cash consideration of $16.625 per issuer share and (b) 9,260 restricted stock units disposed of for $228,814.60, plus accrued dividend equivalents, representing the market value of the issuer's common stock on the effective date of the merger ($24.71). This amount reflects post-Vectrus, Inc. spin-off share amounts (following the Vectrus spin-off, Issuer restricted stock units were adjusted to preserve their pre-spin-off value).
- [F2]This option, which was fully vested, ceased to be outstanding and was cancelled in the merger in exchange for a cash payment of $26,060.40, representing the difference between the exercise price of the option and the market value common stock of the issuer on the effective date of the merger ($24.71 per share). The number of shares subject to the option and the exercise price reflect post-Vectrus, Inc. spin-off holdings (following the Vectrus spin-off, Issuer options were adjusted to preserve their pre-spin-off value).
- [F3]This option, which was fully vested, ceased to be outstanding and was cancelled in the merger in exchange for a cash payment of $76,763.85, representing the difference between the exercise price of the option and the market value common stock of the issuer on the effective date of the merger ($24.71 per share). The number of shares subject to the option and the exercise price reflect post-Vectrus, Inc. spin-off holdings (following the Vectrus spin-off, Issuer options were adjusted to preserve their pre-spin-off value).
- [F4]This option, which was fully vested, ceased to be outstanding and was cancelled in the merger in exchange for a cash payment of $42,144.48, representing the difference between the exercise price of the option and the market value common stock of the issuer on the effective date of the merger ($24.71 per share). The number of shares subject to the option and the exercise price reflect post-Vectrus, Inc. spin-off holdings (following the Vectrus spin-off, Issuer options were adjusted to preserve their pre-spin-off value).