MULTI FINELINE ELECTRONIX INC 4
4 · MULTI FINELINE ELECTRONIX INC · Filed Jul 29, 2016
Insider Transaction Report
Form 4
Besnard Christine
VP, Gen. Counsel and Secretary
Transactions
- Disposition to Issuer
Common Stock
2016-07-27$23.95/sh−50,356$1,206,026→ 0 total - Disposition to Issuer
Restricted Stock Unit
2016-07-27$23.95/sh−28,591$684,754→ 0 total→ Common Stock (28,591 underlying) - Disposition to Issuer
Stock Appreciate Right
2016-07-27$6.05/sh−18,273$110,552→ 0 totalExercise: $17.90Exp: 2022-11-13→ Common Stock (18,273 underlying) - Disposition to Issuer
Performance Stock Unit
2016-07-27$23.95/sh−26,997$646,578→ 0 total→ Common Stock (26,997 underlying) - Disposition to Issuer
Stock Appreciate Right
2016-07-27$4.30/sh−11,003$47,313→ 0 totalExercise: $19.65Exp: 2021-11-14→ Common Stock (11,003 underlying) - Disposition to Issuer
Stock Appreciate Right
2016-07-27$2.05/sh−1,712$3,510→ 0 totalExercise: $21.90Exp: 2019-06-05→ Common Stock (1,712 underlying) - Disposition to Issuer
Stock Appreciate Right
2016-07-27$1.78/sh−12,889$22,942→ 0 totalExercise: $22.17Exp: 2020-11-15→ Common Stock (12,889 underlying)
Footnotes (4)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger ("Merger Agreement"), dated as of February 4, 2016, by and among Multi-Fineline Electronix, Inc., Suzhou Dongshan Precision Manufacturing Co., Ltd., and Dragon Electronix Merger Sub Inc., pursuant to which the outstanding shares of the issuer's common stock were converted into the right to receive the merger consideration of $23.95 per share in cash, without interest, on July 27, 2016, the effective date of the Merger (the "Effective Date").
- [F2]Represents restricted stock units, whether vested or unvested, that became fully vested and cancelled as of the Effective Date, pursuant to the Merger Agreement in exchange for the right to receive the merger consideration of $23.95 per share in cash, without interest and less any applicable withholding taxes.
- [F3]Represents performance stock units, whether vested or unvested, that became fully vested and cancelled as of the Effective Date pursuant to the Merger Agreement in exchange for the right to receive the merger consideration of $23.95 per share in cash, assuming that the applicable performance goals were achieved at 100% of the target level, without interest and less any applicable withholding taxes.
- [F4]Represents stock appreciation right ("SAR"), whether vested or unvested, that became fully vested and cancelled at the Effective Date in exchange for the right to receive the merger consideration in an amount determined by multiplying (x) the excess, if any, of the merger consideration of $23.95 per share, over the applicable exercise price per share of such SAR by (y) the number of shares subject to such SAR.