4//SEC Filing
POWERSECURE INTERNATIONAL, INC. 4
Accession 0001209191-16-118629
CIK 0000882154operating
Filed
May 8, 8:00 PM ET
Accepted
May 9, 7:52 PM ET
Size
10.4 KB
Accession
0001209191-16-118629
Insider Transaction Report
Form 4
HINTON SIDNEY
DirectorPresident and CEO
Transactions
- Disposition to Issuer
Common Stock
2016-05-09$18.75/sh−597,006$11,193,863→ 0 total - Disposition to Issuer
Performance Units
2016-05-09−45,470→ 0 totalExercise: $0.00→ Common Stock (45,470 underlying) - Disposition to IssuerSwap
Restricted Shares
2016-05-09−72,054→ 0 totalExercise: $0.00→ Common Stock (72,054 underlying)
Footnotes (4)
- [F1]Includes 227,558 restricted shares of Common Stock as to which vesting was accelerated pursuant to that certain Agreement and Plan of Merger, dated as of February 24, 2016 (the "Merger Agreement"), by and among The Southern Company, PSMS Corp. and the Issuer, pursuant to which PSMS Corp. was merged with and into the Issuer and the Issuer was the continuing corporation in the merger and became a wholly-owned subsidiary of The Southern Company (the "Merger").
- [F2]Disposed of pursuant to the Merger Agreement. At the effective time of the Merger, each share of Issuer Common Stock was cancelled and converted into the right to receive $18.75 in cash.
- [F3]At the effective time of the Merger, these unvested restricted shares of Issuer Common Stock were converted into a contingent, performance-based award of common stock of The Southern Company.
- [F4]Each Performance Unit represented a contingent right to receive one share of Issuer Common Stock. At the effective time of the Merger, each Performance Unit was deemed fully vested and cancelled in exchange for the right to receive $18.75 in cash, in accordance with the Merger Agreement.
Documents
Issuer
POWERSECURE INTERNATIONAL, INC.
CIK 0000882154
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000882154
Filing Metadata
- Form type
- 4
- Filed
- May 8, 8:00 PM ET
- Accepted
- May 9, 7:52 PM ET
- Size
- 10.4 KB