4//SEC Filing
Exelis Inc. 4
Accession 0001209191-15-049153
CIK 0001524471operating
Filed
Jun 1, 8:00 PM ET
Accepted
Jun 2, 6:36 PM ET
Size
22.7 KB
Accession
0001209191-15-049153
Insider Transaction Report
Form 4
Exelis Inc.XLS
Procopio A. John
Chief Human Resources Officer
Transactions
- Disposition to Issuer
Common Stock
2015-05-29−97,757→ 0 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-05-29$12.69/sh−11,108$140,955→ 0 totalExercise: $12.02Exp: 2021-03-03→ Common Stock (11,108 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-05-29$14.64/sh−71,147$1,041,357→ 0 totalExercise: $10.07Exp: 2021-11-07→ Common Stock (71,147 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-05-29$5.55/sh−22,504$124,845→ 0 totalExercise: $19.16Exp: 2024-03-06→ Common Stock (22,504 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-05-29$14.42/sh−76,420$1,101,663→ 0 totalExercise: $10.29Exp: 2022-03-06→ Common Stock (76,420 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-05-29$14.49/sh−113,096$1,638,704→ 0 totalExercise: $10.22Exp: 2023-03-08→ Common Stock (113,096 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-05-29$12.75/sh−7,486$95,431→ 0 totalExercise: $11.96Exp: 2021-05-02→ Common Stock (7,486 underlying)
Footnotes (7)
- [F1]Includes (a) 29,151 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) 46,569 restricted stock units disposed of for approximately $1,150,720, 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) 1,750 restricted stock units granted during 2015 and disposed of, on a pro-rated basis, for approximately $43,243, 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 approximately $95,431, 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 approximately $140,955, 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 $1,041,358, 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 $1,101,664, 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 annual installments beginning on March 8, 2014, ceased to be outstanding and was cancelled in the merger in exchange for a cash payment of approximately $1,638,705, 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 annual installments beginning on March 6, 2015, ceased to be outstanding and was cancelled in the merger in exchange for a cash payment of approximately $124,846, 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, 6:36 PM ET
- Size
- 22.7 KB