LORILLARD, LLC 4
4 · LORILLARD, LLC · Filed Jun 15, 2015
Insider Transaction Report
Form 4
PETITT ANTHONY B
VP, Controller and CAO
Transactions
- Disposition to Issuer
Common Stock
2015-06-12−26,900→ 0 total
Footnotes (2)
- [F1]On June 12, 2015, pursuant to the terms of the Agreement and Plan of Merger, dated as of July 15, 2014 (the "Merger Agreement"), by and among Lorillard, Inc., a Delaware corporation ("Lorillard"), Reynolds American Inc., a North Carolina corporation ("RAI"), and Lantern Acquisition Co., a Delaware corporation and wholly owned subsidiary of RAI ("Merger Sub"), Merger Sub merged with and into Lorillard with Lorillard surviving as a wholly owned subsidiary of RAI (the "Merger").
- [F2]Pursuant to the terms of the Merger Agreement, at the effective time of the Merger, each outstanding share of Lorillard common stock beneficially owned by the reporting person was automatically canceled and converted into the right to receive (i) $50.50 in cash and (ii) 0.2909 of a share of RAI common stock.