POWERSECURE INTERNATIONAL, INC. 4
4 · POWERSECURE INTERNATIONAL, INC. · Filed May 9, 2016
Insider Transaction Report
Form 4
Dupont Eric M
Executive Vice President
Transactions
- Disposition to Issuer
Common Stock
2016-05-09$18.75/sh−26,212$491,475→ 0 total - Disposition to Issuer
Employee Stock Options
2016-05-09−15,000→ 0 totalExercise: $12.26Exp: 2023-09-11→ Common Stock (15,000 underlying)
Footnotes (3)
- [F1]Includes 23,500 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]Disposed of pursuant to the Merger Agreement. At the effective time of the Merger, these stock options were cancelled and converted into the right to receive the aggregate sum in cash equal to (1) the number of stock options, multiplied by (2) the excess of $18.75 over the exercise price of the stock options. Of these stock options, 6,000 were fully vested and exercisable and vesting was accelerated with respect to the remaining 9,000.