4//SEC Filing
Exelis Inc. 4
Accession 0001209191-15-049147
CIK 0001524471operating
Filed
Jun 1, 8:00 PM ET
Accepted
Jun 2, 6:34 PM ET
Size
25.3 KB
Accession
0001209191-15-049147
Insider Transaction Report
Form 4
Exelis Inc.XLS
Milligan Peter J
Chief Financial Officer
Transactions
- Disposition to Issuer
Common Stock
2015-05-29−191,744→ 0 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-05-29$17.79/sh−17,778$316,271→ 0 totalExercise: $6.92Exp: 2016-03-05→ Common Stock (17,778 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-05-29$14.64/sh−399,146$5,843,497→ 0 totalExercise: $10.07Exp: 2021-11-07→ Common Stock (399,146 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-05-29$14.49/sh−223,038$3,231,821→ 0 totalExercise: $10.22Exp: 2023-03-08→ Common Stock (223,038 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-05-29$12.69/sh−27,782$352,554→ 0 totalExercise: $12.02Exp: 2021-03-03→ Common Stock (27,782 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-05-29$13.56/sh−13,698$185,745→ 0 totalExercise: $11.15Exp: 2020-03-05→ Common Stock (13,698 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-05-29$14.42/sh−208,533$3,007,046→ 0 totalExercise: $10.29Exp: 2022-03-06→ Common Stock (208,533 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-05-29$5.55/sh−44,585$247,447→ 0 totalExercise: $19.16Exp: 2024-03-06→ Common Stock (44,585 underlying)
Footnotes (8)
- [F1]Includes (a) 104,415 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, (b) 43,670 restricted stock units disposed of for $1,079,085.70, plus accrued dividend equivalents, representing the market value of the issuer's common stock on the effective date of the merger ($24.71), and (c) 3,468 restricted stock units granted during 2015 and disposed of, on a pro-rated basis, for approximately $85,694.28, plus accrued dividend equivalents, reflecting the market value of the issuer's shares 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 $316,270.62, 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 $185,744.88, 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 $352,553.58, 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).
- [F5]This option, which was fully vested, ceased to be outstanding and was cancelled in the merger in exchange for a cash payment of $5,843,497.44, 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).
- [F6]This option, which was fully vested, ceased to be outstanding and was cancelled in the merger in exchange for a cash payment of $3,007,045.86, 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).
- [F7]This option, which provided for vesting in three equal installments beginning on March 8, 2014, ceased to be outstanding and was cancelled in the merger in exchange for a cash payment of $3,231,820.62, 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).
- [F8]This option, which provided for vesting in three equal installments beginning on March 6, 2015, ceased to be outstanding and was cancelled in the merger in exchange for a cash payment of $247,446.75, 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).
Documents
Issuer
Exelis Inc.
CIK 0001524471
Entity typeoperating
IncorporatedIN
Related Parties
1- filerCIK 0001524471
Filing Metadata
- Form type
- 4
- Filed
- Jun 1, 8:00 PM ET
- Accepted
- Jun 2, 6:34 PM ET
- Size
- 25.3 KB