4//SEC Filing
PROVIDENCE & WORCESTER RAILROAD CO/RI/ 4
Accession 0001209191-16-147844
CIK 0000831968operating
Filed
Nov 1, 8:00 PM ET
Accepted
Nov 2, 3:04 PM ET
Size
20.9 KB
Accession
0001209191-16-147844
Insider Transaction Report
Form 4
Noreck Daniel T
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2016-11-01+10,500→ 10,725 total - Disposition to Issuer
Common Stock
2016-11-01$25.00/sh−225$5,625→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2016-11-01$11.30/sh−7,000$79,100→ 0 totalExercise: $13.70From: 2017-01-18Exp: 2026-01-18→ Common Stock (7,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2016-11-01$5.45/sh−159$867→ 0 totalExercise: $19.55From: 2014-07-02Exp: 2024-01-02→ Common Stock (159 underlying) - Disposition to Issuer
Common Stock
2016-11-01$25.00/sh−10,500$262,500→ 225 total - Disposition to Issuer
Stock Option (right to buy)
2016-11-01$6.91/sh−167$1,154→ 0 totalExercise: $18.09From: 2015-07-02Exp: 2025-01-02→ Common Stock (167 underlying) - Disposition to Issuer
Stock Option (right to buy)
2016-11-01$11.04/sh−144$1,590→ 0 totalExercise: $13.96From: 2013-07-02Exp: 2023-01-02→ Common Stock (144 underlying) - Disposition to Issuer
Stock Option (right to buy)
2016-11-01$13.60/sh−138$1,877→ 0 totalExercise: $11.40From: 2012-07-03Exp: 2022-01-03→ Common Stock (138 underlying)
Footnotes (9)
- [F1]Each Restricted Stock Unit represented the contingent right to receive one share of the Company's stock upon achieving certain performance goals. In connection with the merger, each Restricted Stock Unit was cancelled for cash in the amount of $25.00 per share, for total consideration of $262,500.00.
- [F2]Disposed of for $25.00 per share in cash pursuant to the terms of the Merger Agreement, dated August 12, 2016 (the "Merger Agreement", among Providence and Worcester Railroad Company (the "Company"), Genesee & Wyoming Inc. ("G&W"), and Pullman Acquisition Sub Inc. ("Pullman"), whereby Pullman merged with and into the Company, whereupon the separate corporate existence of Pullman ceased and the Company became a wholly-owned subsidiary of G&W.
- [F3]This non-qualified stock option grant, which provided for vesting in annual installments of 10% on January 18, 2017, 10% on January 18, 2018, 20% on January 18, 2019, 30% on January 18, 2020 and 30% on January 18, 2021, was cancelled in accordance with the merger of Pullman with and into the Company pursuant to the terms of the Merger Agreement.
- [F4]This option was cancelled pursuant to the terms of the Merger Agreement.
- [F5]The reporting person received $79,100.00 as consideration for the cancellation.
- [F6]The reporting person received $1,153.97 as consideration for the cancellation.
- [F7]The reporting person received $866.55 as consideration for the cancellation.
- [F8]The reporting person received $1,589.76 as consideration for the cancellation.
- [F9]The reporting person received $1,876.80 as consideration for the cancellation.
Documents
Issuer
PROVIDENCE & WORCESTER RAILROAD CO/RI/
CIK 0000831968
Entity typeoperating
IncorporatedRI
Related Parties
1- filerCIK 0000831968
Filing Metadata
- Form type
- 4
- Filed
- Nov 1, 8:00 PM ET
- Accepted
- Nov 2, 3:04 PM ET
- Size
- 20.9 KB