4//SEC Filing
DOT HILL SYSTEMS CORP 4
Accession 0001209191-15-074815
CIK 0001042783operating
Filed
Oct 7, 8:00 PM ET
Accepted
Oct 8, 12:09 PM ET
Size
31.3 KB
Accession
0001209191-15-074815
Insider Transaction Report
Form 4
KAMMERSGARD DANA
DirectorPresident & CEO
Transactions
- Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-10-06−100,000→ 0 totalExercise: $2.40Exp: 2018-03-17→ Common Stock (100,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-10-06−200,000→ 0 totalExercise: $2.84Exp: 2018-05-09→ Common Stock (200,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-10-06−337,500→ 0 totalExercise: $1.40Exp: 2019-03-18→ Common Stock (337,500 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-10-06−150,000→ 0 totalExercise: $1.44Exp: 2017-03-08→ Common Stock (150,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-10-06−305,000→ 0 totalExercise: $1.06Exp: 2020-03-18→ Common Stock (305,000 underlying) - Disposition from Tender
Common Stock
2015-10-06−766,259→ 0 total - Disposition from Tender
Common Stock
2015-10-06−218→ 0 total(indirect: By Spouse) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-10-06−200,000→ 0 totalExercise: $3.57Exp: 2017-02-26→ Common Stock (200,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-10-06−260,000→ 0 totalExercise: $4.00Exp: 2021-03-10→ Common Stock (260,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-10-06−200,000→ 0 totalExercise: $4.75Exp: 2022-03-09→ Common Stock (200,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-10-06−150,000→ 0 totalExercise: $6.87Exp: 2016-03-06→ Common Stock (150,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2015-10-06−75,000→ 0 totalExercise: $2.36Exp: 2018-08-10→ Common Stock (75,000 underlying)
Footnotes (6)
- [F1]Disposed of pursuant to an Agreement and Plan of Merger (the "Merger Agreement"), dated August 18, 2015, among the Issuer, Seagate HDD Cayman ("Parent"), and Denali Acquisition Sub Corp., a wholly-owned subsidiary of Parent ("Merger Sub"), in exchange for cash consideration of $9.75 per share, without interest, subject to any required withholding of taxes. Pursuant to the Merger Agreement, Merger Sub merged with and into the Issuer, with the Issuer continuing as the surviving corporation (the "Merger").
- [F2]This option, which was fully vested on the closing date of the Merger (October 6, 2015), was cancelled in the Merger in exchange for a cash payment equal to $9.75 per share minus the per share exercise price of the option, subject to any applicable tax withholdings.
- [F3]This option, which provided for vesting of 25% of the shares subject to the option on March 19, 2013 and the remaining shares vesting in equal monthly installments over the following three years, was cancelled in the Merger in exchange for a cash payment equal to $9.75 per share, minus the per share exercise price of the option, subject to any applicable tax withholdings. In connection with the Merger, vesting of the stock option was accelerated and the option became fully vested and exercisable effective immediately prior to the effective time of the Merger.
- [F4]This option, which provided for vesting of 25% of the shares subject to the option on March 19, 2014 and the remaining shares vesting in equal monthly installments over the following three years, was cancelled in the Merger in exchange for a cash payment equal to $9.75 per share, minus the per share exercise price of the option, subject to any applicable tax withholdings. In connection with the Merger, vesting of the stock option was accelerated and the option became fully vested and exercisable effective immediately prior to the effective time of the Merger.
- [F5]This option, which provided for vesting of 25% of the shares subject to the option on March 11, 2015 and the remaining shares vesting in equal monthly installments over the following three years, was cancelled in the Merger in exchange for a cash payment equal to $9.75 per share, minus the per share exercise price of the option, subject to any applicable tax withholdings. In connection with the Merger, vesting of the stock option was accelerated and the option became fully vested and exercisable effective immediately prior to the effective time of the Merger.
- [F6]This option, which provided for vesting of 25% of the shares subject to the option on March 10, 2016 and the remaining shares vesting in equal monthly installments over the following three years, was cancelled in the Merger in exchange for a cash payment equal to $9.75 per share, minus the per share exercise price of the option, subject to any applicable tax withholdings. In connection with the Merger, vesting of the stock option was accelerated and the option became fully vested and exercisable effective immediately prior to the effective time of the Merger.
Documents
Issuer
DOT HILL SYSTEMS CORP
CIK 0001042783
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001042783
Filing Metadata
- Form type
- 4
- Filed
- Oct 7, 8:00 PM ET
- Accepted
- Oct 8, 12:09 PM ET
- Size
- 31.3 KB