4//SEC Filing
POWERSECURE INTERNATIONAL, INC. 4
Accession 0001209191-16-118660
CIK 0000882154operating
Filed
May 8, 8:00 PM ET
Accepted
May 9, 8:58 PM ET
Size
10.3 KB
Accession
0001209191-16-118660
Insider Transaction Report
Form 4
BRANNEN RONNIE
President of Utility Infrastr.
Transactions
- Disposition to Issuer
Employee Stock Options
2016-05-09−3,000→ 0 totalExercise: $4.65Exp: 2019-06-01→ Common Stock (3,000 underlying) - Disposition to Issuer
Common Stock
2016-05-09$18.75/sh−10,000$187,500→ 0 total - Disposition to Issuer
Employee Stock Options
2016-05-09−4,000→ 0 totalExercise: $9.77Exp: 2020-05-27→ Common Stock (4,000 underlying)
Footnotes (3)
- [F1]Includes 10,000 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, which were fully vested and exercisable, 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.
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, 8:58 PM ET
- Size
- 10.3 KB