SEQUENOM INC 4
4 · SEQUENOM INC · Filed Sep 7, 2016
Insider Transaction Report
Form 4
SEQUENOM INCSQNM
PENDARVIS DAVID
Director
Transactions
- Disposition from Tender
Common Stock
2016-09-07−112,969→ 0 total - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2016-09-07−20,000→ 0 totalExercise: $1.11Exp: 2026-06-14→ Common Stock (20,000 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to an Agreement and Plan of Merger (the "Merger Agreement"), dated July 26, 2016, among the Issuer, Laboratory Corporation of America Holdings, a Delaware corporation ("Parent"), and Savoy Acquisition Corp., a Delaware corporation and a wholly owned subsidiary of Parent ("Purchaser") in exchange for a cash consideration of $2.40 per share, without interest, subject to any required withholding of taxes. Pursuant to the Merger Agreement, the Purchaser merged with and into the Issuer, with the Issuer surviving as a wholly-owned subsidiary of Parent (the "Merger").
- [F2]This option was cancelled in the Merger in exchange for a cash payment equal to $2.40 per share (without interest) minus the per share exercise price of the option. In connection with the Merger, vesting of the option was accelerated and the option became fully vested and exercisable effective immediately prior to the effective time of the Merger.