Earnings Feed
Start Free
Home/Filings/4/0001209191-15-049149
4//SEC Filing

Exelis Inc. 4

Accession 0001209191-15-049149

CIK 0001524471operating
View on SEC.govCompany Profile

Filed

Jun 1, 8:00 PM ET

Accepted

Jun 2, 6:34 PM ET

Size

27.3 KB

Accession

0001209191-15-049149

Insider Transaction Report

Form 4
Period: 2015-05-29
Exelis Inc.XLS
Davidson Ann D
Chief Legal Officer & Corp Sec
Transactions
  • Disposition to Issuer

    Common Stock

    2015-05-29−163→ 0 total(indirect: By 401(k))
  • Disposition to Issuer

    Employee Stock Option (Right to Buy)

    2015-05-29$12.69/sh−44,433$563,855→ 0 total
    Exercise: $12.02Exp: 2021-03-03→ Common Stock (44,433 underlying)
  • Disposition to Issuer

    Employee Stock Option (Right to Buy)

    2015-05-29$14.49/sh−146,439$2,121,901→ 0 total
    Exercise: $10.22Exp: 2023-03-08→ Common Stock (146,439 underlying)
  • Disposition to Issuer

    Employee Stock Option (Right to Buy)

    2015-05-29$13.56/sh−33,661$456,443→ 0 total
    Exercise: $11.15Exp: 2020-03-05→ Common Stock (33,661 underlying)
  • Disposition to Issuer

    Common Stock

    2015-05-29−127,784→ 0 total
  • Disposition to Issuer

    Employee Stock Option (Right to Buy)

    2015-05-29$17.79/sh−46,353$824,620→ 0 total
    Exercise: $6.92Exp: 2016-03-05→ Common Stock (46,353 underlying)
  • Disposition to Issuer

    Employee Stock Option (Right to Buy)

    2015-05-29$5.55/sh−29,086$161,427→ 0 total
    Exercise: $19.16Exp: 2024-03-06→ Common Stock (29,086 underlying)
  • Disposition to Issuer

    Employee Stock Option (Right to Buy)

    2015-05-29$14.64/sh−263,266$3,854,214→ 0 total
    Exercise: $10.07Exp: 2021-11-07→ Common Stock (263,266 underlying)
  • Disposition to Issuer

    Employee Stock Option (Right to Buy)

    2015-05-29$14.42/sh−137,543$1,983,370→ 0 total
    Exercise: $10.29Exp: 2022-03-06→ Common Stock (137,543 underlying)
Footnotes (9)
  • [F1]Includes (a) 70,691 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) 28,611 restricted stock units disposed of for $706,977.81, 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) 2,262 restricted stock units granted during 2015 and disposed of, on a pro-rated basis, for approximately $55,894.02, 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]Disposed of pursuant to a merger agreement between the Issuer and Harris Corporation in exchange for (i) 0.1025 shares of common stock of Harris Corporation (market value of $8.12 per 0.1025 shares of common stock of Harris Corporation) and (ii) cash consideration of $16.625 per Issuer share.
  • [F3]This option, which was fully vested, ceased to be outstanding and was cancelled in the merger in exchange for a cash payment of $824,619.87, 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 $456,443.16, 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 $563,854.77, 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 $3,854,214.24, 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 was fully vested, ceased to be outstanding and was cancelled in the merger in exchange for a cash payment of $1,983,370.06, 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 8, 2014, ceased to be outstanding and was cancelled in the merger in exchange for a cash payment of $2,121,901.11, 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).
  • [F9]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 $161,427.30, 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

1 file

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
27.3 KB
View on SEC.gov