4//SEC Filing
Exelis Inc. 4
Accession 0001209191-15-049150
CIK 0001524471operating
Filed
Jun 1, 8:00 PM ET
Accepted
Jun 2, 6:35 PM ET
Size
21.7 KB
Accession
0001209191-15-049150
Insider Transaction Report
Form 4
Exelis Inc.XLS
Young Christopher D.
President, Geospatial Systems
Transactions
- Disposition to Issuer
Common Stock
2015-05-29−120,400→ 0 total - Disposition to Issuer
Common Stock
2015-05-29−10,392.21→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-05-29$5.55/sh−24,203$134,271→ 0 totalExercise: $19.16Exp: 2024-03-06→ Common Stock (24,203 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-05-29$14.42/sh−126,451$1,822,905→ 0 totalExercise: $10.29Exp: 2022-03-06→ Common Stock (126,451 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-05-29$14.49/sh−128,416$1,860,684→ 0 totalExercise: $10.22Exp: 2023-03-08→ Common Stock (128,416 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-05-29$12.69/sh−55,542$704,800→ 0 totalExercise: $12.02Exp: 2021-03-03→ Common Stock (55,542 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-05-29$14.64/sh−242,034$3,542,579→ 0 totalExercise: $10.07Exp: 2021-11-07→ Common Stock (242,034 underlying)
Footnotes (7)
- [F1]Includes (a) 72,036 shares of Issuer common stock 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, (b) 24,663 restricted stock units disposed of for approximately $609,423, 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) 23,701 restricted stock units granted during 2015 disposed of for rollover restricted stock units of Harris based on the Parent Trading Price, as defined in the merger agreement. 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 approximately $704,801, 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 approximately $3,542,580, 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 approximately $1,822,905, 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 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 approximately $1,860,684, 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 6, 2015, ceased to be outstanding and was cancelled in the merger in exchange for a cash payment of approximately $134,271, 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, 6:35 PM ET
- Size
- 21.7 KB