Enlow John D Sr 4
4 · DELTIC TIMBER CORP · Filed Feb 20, 2018
Insider Transaction Report
Form 4
Enlow John D Sr
DirectorPresident & CEO
Transactions
- Disposition to Issuer
Common Stock
2018-02-20+1,709→ 0 totalExercise: $75.29Exp: 2027-03-08→ Common Stock (1,709 underlying) - Disposition to Issuer
Common Stock
2018-02-20+1,709→ 0 totalExercise: $75.29Exp: 2027-03-08→ Common Stock (1,709 underlying) - Disposition to Issuer
Common Stock
2018-02-20−15,250→ 0 total - Disposition to Issuer
Common Stock
2018-02-20+1,709→ 0 totalExercise: $75.29Exp: 2027-03-08→ Common Stock (1,709 underlying) - Disposition to Issuer
Common Stock
2018-02-20+1,709→ 0 totalExercise: $75.29Exp: 2027-03-08→ Common Stock (1,709 underlying)
Footnotes (3)
- [F1]On February 20, 2018, Deltic Timber Corporation ("Deltic"), Potlatch Corporation ("Potlatch"), and Portland Merger LLC completed the merger ("Merger") contemplated by the Agreement and Plan of Merger among such parties dated as of October 22, 2017 (the "Merger Agreement").
- [F2]Disposed of pursuant to the Merger Agreement in which each share of Deltic common stock issued and outstanding immediately prior to the consummation of the Merger was converted into 1.8 shares of Potlatch common stock with cash paid in lieu of fractional shares.
- [F3]This option, which the vesting of which was accelerated in full upon the closing of the Merger, was cancelled in exchange for an option to acquire shares of Potlatch common stock in a number of shares of Potlatch common stock equal to the product (rounded down to the nearest whole number) of (1) the number of shares of Deltic common stock subject to the Deltic Option immediately prior to the effective time of the Merger and (2) 1.80, at an exercise price per share (rounded up to the nearest whole cent) equal to (a) the exercise price per share of Deltic common stock of such Deltic Option immediately prior to the effective time of the merger divided by (b) 1.80.