4//SEC Filing
DOT HILL SYSTEMS CORP 4
Accession 0001209191-15-074821
CIK 0001042783operating
Filed
Oct 7, 8:00 PM ET
Accepted
Oct 8, 12:17 PM ET
Size
29.9 KB
Accession
0001209191-15-074821
Insider Transaction Report
Form 4
SHERWOOD RODERICK M III
Director
Transactions
- Disposition to Issuer
Director Stock Option (Right to Buy)
2015-10-06−10,000→ 0 totalExercise: $0.94Exp: 2019-06-14→ Common Stock (10,000 underlying) - Disposition to Issuer
Common Stock
2015-10-06−52,500→ 0 total - Disposition to Issuer
Director Stock Option (Right to Buy)
2015-10-06−50,000→ 0 totalExercise: $4.02Exp: 2016-06-01→ Common Stock (50,000 underlying) - Disposition to Issuer
Director Stock Option (Right to Buy)
2015-10-06−20,000→ 0 totalExercise: $3.85Exp: 2017-05-24→ Common Stock (20,000 underlying) - Disposition to Issuer
Director Stock Option (Right to Buy)
2015-10-06−20,000→ 0 totalExercise: $2.70Exp: 2018-05-08→ Common Stock (20,000 underlying) - Disposition to Issuer
Director Stock Option (Right to Buy)
2015-10-06−10,000→ 0 totalExercise: $1.75Exp: 2020-05-02→ Common Stock (10,000 underlying) - Disposition to Issuer
Director Stock Option (Right to Buy)
2015-10-06−10,000→ 0 totalExercise: $2.95Exp: 2021-05-01→ Common Stock (10,000 underlying) - Disposition to Issuer
Director Stock Option (Right to Buy)
2015-10-06−50,000→ 0 totalExercise: $2.42Exp: 2020-08-12→ Common Stock (50,000 underlying) - Disposition to Issuer
Director Stock Option (Right to Buy)
2015-10-06−10,000→ 0 totalExercise: $1.15Exp: 2022-05-06→ Common Stock (10,000 underlying) - Disposition to Issuer
Director Stock Option (Right to Buy)
2015-10-06−10,000→ 0 totalExercise: $1.74Exp: 2023-05-05→ Common Stock (10,000 underlying) - Disposition to Issuer
Director Stock Option (Right to Buy)
2015-10-06−10,000→ 0 totalExercise: $4.03Exp: 2024-05-04→ Common Stock (10,000 underlying) - Disposition to Issuer
Director Stock Option (Right to Buy)
2015-10-06−15,000→ 0 totalExercise: $6.44Exp: 2022-05-03→ Common Stock (15,000 underlying)
Footnotes (3)
- [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 100% of the shares subject to the option on May 4, 2016, 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, 12:17 PM ET
- Size
- 29.9 KB