Smith Lori J. 4
4 · AveXis, Inc. · Filed May 15, 2018
Insider Transaction Report
Form 4
AveXis, Inc.AVXS
Smith Lori J.
SVP-Chief Human Resource Off.
Transactions
- Disposition to Issuer
Common Stock
2018-05-15−2,308→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2018-05-15−24,400→ 0 totalExercise: $68.40Exp: 2027-04-10→ Common Stock (24,400 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2018-05-15−1,925→ 0 totalExercise: $77.24Exp: 2027-05-10→ Common Stock (1,925 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2018-05-15−9,233→ 0 totalExercise: $133.80Exp: 2028-03-13→ Common Stock (9,233 underlying)
Footnotes (3)
- [F1]On April 6, 2018, the Issuer entered into an Agreement and Plan of Merger (the "Merger Agreement") with Novartis AG, a company organized under the laws of Switzerland ("Parent"), and Novartis AM Merger Corporation, a Delaware corporation and an indirect wholly-owned subsidiary of the Parent ("Purchaser"). Pursuant to the terms of the Merger Agreement and the Offer (as defined in the Merger Agreement), each share of the Issuer's common stock (the "Common Stock") held by the Reporting Person was acquired, subject to adjustment, at a purchase price of $218.00 per share (the "Offer Price") in cash.
- [F2]Represents 2,308 shares underlying Restricted Stock Units (the "RSUs"). Pursuant to the Merger Agreement, each outstanding RSU was canceled in exchange for a lump sum cash payment equal to (i) the Offer Price multiplied by (ii) the number of shares of Common Stock underlying the RSU.
- [F3]Pursuant to the Merger Agreement, each outstanding stock option was canceled in exchange for a lump sum cash payment equal the excess of (A) the Offer Price minus (B) the Exercise Price, multiplied by the number of shares of Common Stock underlying the option.