FUSCO MARK 4
4 · EXA CORP · Filed Nov 17, 2017
Insider Transaction Report
Form 4
EXA CORPEXA
FUSCO MARK
Director
Transactions
- Disposition to Issuer
Common Stock
2017-11-17$24.25/sh−9,977$241,942→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2017-11-17$13.51/sh−15,384$207,838→ 0 totalExercise: $10.74→ Common Stock (15,384 underlying) - Disposition to Issuer
Restricted Stock Units
2017-11-17−5,353→ 0 total→ Common Stock (5,353 underlying)
Footnotes (4)
- [F1]Disposed of upon the effectiveness of the merger of 3DS Acquisition 3 Corp., Inc. ("3DS"), a wholly owned subsidiary of Dassault Systemes Simulia Corp. ("Dassault"), with and into the Issuer on November 17, 2017 pursuant to a merger agreement dated September 27, 2017 among Dassault, 3DS and the Issuer (the "Merger").
- [F2]Each restricted stock unit represented a contingent right to receive one share of the Issuer's common stock.
- [F3]Upon the effectiveness of the Merger, the restricted stock units became fully vested and were canceled in exchange for a cash payment of $129,810.25 (representing a price of $24.25 per restricted stock unit).
- [F4]Upon the effectiveness of the Merger, the option was canceled in exchange for a cash payment of $207,837.84 (representing the difference between the merger consideration of $24.25 per share and the per share exercise price of the option multiplied by the number of shares subject to the option).