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4//SEC Filing

PROVIDENCE & WORCESTER RAILROAD CO/RI/ 4

Accession 0001209191-16-147850

CIK 0000831968operating
View on SEC.govCompany Profile

Filed

Nov 1, 8:00 PM ET

Accepted

Nov 2, 3:07 PM ET

Size

34.9 KB

Accession

0001209191-16-147850

Insider Transaction Report

Form 4
Period: 2016-11-01
PROVIDENCE & WORCESTER RAILROAD CO/RI/PWX
CONTI P SCOTT
DirectorPresident
Transactions
  • Disposition to Issuer

    Stock Option (right to buy)

    2016-11-01$13.60/sh−716$9,738→ 0 total
    Exercise: $11.40From: 2012-07-03Exp: 2022-01-03→ Common Stock (716 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2016-11-01$13.01/sh−570$7,416→ 0 total
    Exercise: $11.99From: 2009-07-02Exp: 2019-01-02→ Common Stock (570 underlying)
  • Disposition to Issuer

    Common Stock

    2016-11-01$25.00/sh−12,846$321,150→ 0 total
  • Disposition to Issuer

    Stock Option (right to buy)

    2016-11-01$6.91/sh−838$5,791→ 0 total
    Exercise: $18.09From: 2015-07-02Exp: 2025-01-02→ Common Stock (838 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2016-11-01$14.25/sh−618$8,807→ 0 total
    Exercise: $10.75From: 2010-07-04Exp: 2020-01-04→ Common Stock (618 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2016-11-01$5.50/sh−440$2,420→ 0 total
    Exercise: $19.50From: 2007-07-02Exp: 2017-01-02→ Common Stock (440 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2016-11-01$8.25/sh−715$5,899→ 0 total
    Exercise: $16.75From: 2011-07-03Exp: 2021-01-03→ Common Stock (715 underlying)
  • Exercise/Conversion

    Common Stock

    2016-11-01+12,000→ 24,846 total
  • Disposition to Issuer

    Stock Option (right to buy)

    2016-11-01$11.04/sh−704$7,772→ 0 total
    Exercise: $13.96From: 2013-07-02Exp: 2023-01-02→ Common Stock (704 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2016-11-01$8.28/sh−465$3,850→ 0 total
    Exercise: $16.72From: 2008-07-02Exp: 2018-01-02→ Common Stock (465 underlying)
  • Exercise/Conversion

    Restricted Stock Unit

    2016-11-01−12,000→ 0 total
    Exp: 2025-01-03→ Common Stock (12,000 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2016-11-01$11.30/sh−8,000$90,400→ 0 total
    Exercise: $13.70From: 2017-01-18Exp: 2026-01-18→ Common Stock (8,000 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2016-11-01$5.45/sh−844$4,600→ 0 total
    Exercise: $19.55From: 2014-07-02Exp: 2024-01-02→ Common Stock (844 underlying)
  • Disposition to Issuer

    Common Stock

    2016-11-01$25.00/sh−12,000$300,000→ 12,846 total
Footnotes (14)
  • [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 $300,000.00.
  • [F10]The reporting person received $5,898.75 as consideration for the cancellation.
  • [F11]The reporting person received $8,806.50 as consideration for the cancellation.
  • [F12]The reporting person received $7,415.70 as consideration for the cancellation.
  • [F13]The reporting person received $3,850.20 as consideration for the cancellation.
  • [F14]The reporting person received $2,420.00 as consideration for the cancellation.
  • [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 $90,400.00 as consideration for the cancellation.
  • [F6]The reporting person received $5,790.58 as consideration for the cancellation.
  • [F7]The reporting person received $4,599.80 as consideration for the cancellation.
  • [F8]The reporting person received $2,980.80 as consideration for the cancellation.
  • [F9]The reporting person received $9,737.60 as consideration for the cancellation.

Documents

1 file

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, 3:07 PM ET
Size
34.9 KB
View on SEC.gov