4//SEC Filing
Exelis Inc. 4
Accession 0001209191-15-049160
CIK 0001524471operating
Filed
Jun 1, 8:00 PM ET
Accepted
Jun 2, 6:40 PM ET
Size
11.5 KB
Accession
0001209191-15-049160
Insider Transaction Report
Form 4
Exelis Inc.XLS
Drew Pamela A
VP, Pres, Information Systems
Transactions
- Disposition to Issuer
Common Stock
2015-05-29−38,816→ 0 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-05-29$5.55/sh−19,107$106,000→ 0 totalExercise: $19.16Exp: 2024-03-06→ Common Stock (19,107 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-05-29$14.49/sh−90,117$1,305,750→ 0 totalExercise: $10.22Exp: 2023-03-08→ Common Stock (90,117 underlying)
Footnotes (4)
- [F1]Includes 8 additional shares of Issuer common stock pursuant to a dividend reinvestment feature since the date of the last report.
- [F2]Includes (a) 2,102 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) 18,003 restricted stock units disposed of for approximately $444,855, plus accrued dividend equivalents, reflecting the market value of the Issuer's shares on the effective date of the merger ($24.71), and (c) 18,711 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).
- [F3]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 $1,305,751, representing the difference between the exercise price of the option and the market value of the common stock of the Issuer on the effective date of the merger ($24.71). 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 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 $106,000, representing the difference between the exercise price of the option and the market value of the common stock of the Issuer on the effective date of the merger ($24.71). 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, 6:40 PM ET
- Size
- 11.5 KB