Treinen David 4
4 · WEST CORP · Filed Oct 12, 2017
Insider Transaction Report
Form 4
WEST CORPWSTC
Treinen David
Ex. VP-Corp. Dev. & Planning
Transactions
- Disposition to Issuer
Common Stock
2017-10-10$23.50/sh−119,335$2,804,373→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2017-10-10−75,000→ 0 totalExercise: $25.52Exp: 2022-03-30→ Common Stock (75,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2017-10-10−25,000→ 0 totalExercise: $33.52Exp: 2022-03-30→ Common Stock (25,000 underlying) - Disposition to Issuer
Performance-based Restricted Stock Units
2017-10-10−65,820→ 0 total→ Common Stock (65,820 underlying) - Disposition to Issuer
Common Stock
2017-10-10$23.50/sh−80,181$1,884,254→ 0 total(indirect: By Trust) - Disposition to Issuer
Deferred Stock Units
2017-10-10−144,095.092→ 0 total→ Common Stock (144,095.092 underlying)
Footnotes (4)
- [F1]Represents shares of common stock that were cancelled and converted into the right to receive $23.50 per share pursuant to the merger agreement among the Issuer, Mount Olympus Holdings, Inc. and Olympus Merger Sub, Inc., dated as of May 9, 2017 (the "Merger Agreement"). The right to receive the merger consideration with respect to 51,380 of the shares remains subject to certain vesting conditions.
- [F2]Pursuant to the Merger Agreement, this option was cancelled as of October 10, 2017 in exchange for no consideration.
- [F3]Pursuant to the Merger Agreement and subject to the terms of the Issuer's Nonqualified Deferred Compensation Plan, as of the effective date of the merger, each deferred stock unit was cancelled and converted into the notional right to receive an amount of cash, equal to the product of (i) the number of shares of the Issuer's common stock issuable upon conversion of such deferred stock unit multiplied by (ii) $23.50 per share.
- [F4]Pursuant to the Merger Agreement, and subject to the terms of the applicable award agreement, each performance-based restricted stock unit was converted into the right to receive $23.50 per unit, subject to certain vesting conditions.