MARTHA STEWART LIVING OMNIMEDIA INC 4
4 · MARTHA STEWART LIVING OMNIMEDIA INC · Filed Dec 4, 2015
Insider Transaction Report
Form 4
Pollack Patricia
Sr. Executive Vice President
Transactions
- Disposition to Issuer
Stock Options (Right to Buy)
2015-12-04−15,000→ 0 totalExercise: $5.48→ Class A Common Stock, par value $0.01 (15,000 underlying) - Disposition to Issuer
Class A Common Stock, par value $0.01
2015-12-04−12,768→ 0 total - Disposition to Issuer
Stock Options (Right to Buy)
2015-12-04−20,000→ 0 totalExercise: $3.95→ Class A Common Stock, par value $0.01 (20,000 underlying) - Disposition to Issuer
Restricted Stock Units
2015-12-04−6,510→ 0 total→ Class A Common Stock, par value $0.01 (6,510 underlying) - Disposition to Issuer
Stock Options (Right to Buy)
2015-12-04−37,500→ 0 totalExercise: $1.96→ Class A Common Stock, par value $0.01 (37,500 underlying)
Footnotes (4)
- [F1]Disposed pursuant to the transactions contemplated under the Agreement and Plan of Merger, dated as of June 22, 2015, as amended, by and among Sequential Brands Group, Inc. ("Sequential"), Martha Stewart Living Omnimedia, Inc. (the "Company"), Singer Madeline Holdings, Inc. (which was renamed Sequential Brands Group, Inc. and is the successor issuer to Sequential and the Company as of the effective time)("Holdings"), Madeline Merger Sub, Inc. and Singer Merger Sub, Inc. (the "Merger Agreement"). In accordance with the Merger Agreement and the transactions contemplated therein, at the effective time of the merger transactions, Ms. Pollack was entitled to receive merger consideration valued at $6.15 per share.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- [F3]Pursuant to the Merger Agreement, these restricted stock units were cancelled and converted into a right to receive a cash payment of $6.15 per share of Class A Common Stock subject to the restricted stock unit.
- [F4]Pursuant to the transactions contemplated under the Merger Agreement, these options were cancelled in exchange for a cash payment representing the difference between the exercise price of the option and the merger consideration of $6.15 per share.