AdvancePierre Foods Holdings, Inc. 4
4 · AdvancePierre Foods Holdings, Inc. · Filed Jun 7, 2017
Insider Transaction Report
Form 4
Chappelle George F. Jr.
SVP, Supply Chain
Transactions
- Disposition from Tender
Common Stock
2017-06-06$40.25/sh−284,567$11,453,822→ 115,000 total - Disposition to Issuer
Common Stock
2017-06-07$40.25/sh−115,000$4,628,750→ 0 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2017-06-07−37,113→ 0 totalExercise: $25.69Exp: 2026-08-26→ Common Stock (37,113 underlying)
Footnotes (2)
- [F1]Upon the closing of the merger (the "Merger") pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of April 25, 2017, by and among AdvancePierre Foods Holdings, Inc. (the "Issuer"), Tyson Foods, Inc. and DVB Merger Sub, Inc., each outstanding share of Issuer common stock ("Common Stock") was cancelled and converted into the right to receive a cash payment of $40.25 per share (the "Merger Consideration"), and each outstanding Issuer restricted stock unit was converted into the right to receive an amount of cash equal to the Merger Consideration.
- [F2]Option terms provided for vesting over a three-year period with 1/3 of the options becoming exercisable on each of July 27, 2017, July 27, 2018, and July 27, 2019. Disposed of pursuant to the Merger Agreement whereby each Issuer stock option was canceled and converted into the right to receive an amount in cash equal to the excess, if any, of the Merger Consideration over the applicable exercise price of such canceled option.