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PROVIDENCE & WORCESTER RAILROAD CO/RI/ 4

4 · PROVIDENCE & WORCESTER RAILROAD CO/RI/ · Filed Nov 2, 2016

Insider Transaction Report

Form 4
Period: 2016-11-01
PROVIDENCE & WORCESTER RAILROAD CO/RI/PWX
Rogers Frank K
Vice President
Transactions
  • Exercise/Conversion

    Common Stock

    2016-11-01+10,500→ 13,115 total
  • Disposition to Issuer

    Common Stock

    2016-11-01$25.00/sh−10,500$262,500→ 2,615 total
  • Disposition to Issuer

    Stock Option (right to buy)

    2016-11-01$11.30/sh−7,000$79,100→ 0 total
    Exercise: $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−351$1,913→ 0 total
    Exercise: $19.55From: 2014-07-02Exp: 2024-01-02→ Common Stock (351 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2016-11-01$13.60/sh−328$4,461→ 0 total
    Exercise: $11.40From: 2012-07-03Exp: 2022-01-03→ Common Stock (328 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2016-11-01$6.91/sh−446$3,082→ 0 total
    Exercise: $18.09From: 2015-07-02Exp: 2025-01-02→ Common Stock (446 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2016-11-01$11.04/sh−335$3,698→ 0 total
    Exercise: $13.96From: 2013-07-02Exp: 2023-01-02→ Common Stock (335 underlying)
  • Disposition to Issuer

    Common Stock

    2016-11-01$25.00/sh−2,615$65,375→ 0 total
  • Disposition to Issuer

    Stock Option (right to buy)

    2016-11-01$8.25/sh−326$2,690→ 0 total
    Exercise: $16.75From: 2011-07-03Exp: 2021-01-03→ Common Stock (326 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2016-11-01$8.28/sh−272$2,252→ 0 total
    Exercise: $16.72From: 2008-07-02Exp: 2018-01-02→ Common Stock (272 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2016-11-01$13.01/sh−257$3,344→ 0 total
    Exercise: $11.99From: 2009-07-02Exp: 2019-01-02→ Common Stock (257 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2016-11-01$5.50/sh−249$1,370→ 0 total
    Exercise: $19.50From: 2007-07-02Exp: 2017-01-02→ Common Stock (249 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2016-11-01$14.25/sh−351$5,002→ 0 total
    Exercise: $10.75From: 2010-07-04Exp: 2020-01-04→ Common Stock (351 underlying)
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 $262,500.00.
  • [F10]The reporting person received $2,689.50 as consideration for the cancellation.
  • [F11]The reporting person received $5,001.75 as consideration for the cancellation.
  • [F12]The reporting person received $3,343.57 as consideration for the cancellation.
  • [F13]The reporting person received $2,252.16 as consideration for the cancellation.
  • [F14]The reporting person received $1,369.50 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 $79,100.00 as consideration for the cancellation.
  • [F6]The reporting person received $3,081.86 as consideration for the cancellation.
  • [F7]The reporting person received $1,912.95 as consideration for the cancellation.
  • [F8]The reporting person received $3,698.40 as consideration for the cancellation.
  • [F9]The reporting person received $4,460.80 as consideration for the cancellation.

Documents

1 file
  • 4
    doc4.xmlPrimary

    FORM 4 SUBMISSION