HUGHES HAROLD 4
4 · ON Semiconductor Connectivity Solutions, Inc. · Filed Jun 21, 2019
Insider Transaction Report
Form 4
HUGHES HAROLD
Director
Transactions
- Disposition to Issuer
Common Stock
2019-06-19−20,999→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2019-06-19−64,000→ 0 totalExercise: $2.00Exp: 2024-10-16→ Common Stock (64,000 underlying) - Award
Common Stock
2019-06-06+5,555→ 20,999 total - Disposition to Issuer
Employee Stock Option (right to buy)
2019-06-19−8,000→ 0 totalExercise: $8.50Exp: 2026-06-30→ Common Stock (8,000 underlying)
Footnotes (4)
- [F1]Each share is represented by a Restricted Stock Unit ("RSU"). 100% of the RSUs will vest upon the earlier of the one (1) year anniversary of the grant date or the day prior to the Issuer's 2020 Annual Meeting occurring after the grant date, in each case, subject to the Reporting Person's continued service as of the applicable vesting date and acceleration of vesting upon a change of control.
- [F2]Each outstanding share of the Common Stock of the Issuer was converted into the right to receive $24.50 per share in cash, as described in the Merger Agreement.
- [F3]Certain of these securities were RSUs that represented the Reporting Person's right to receive Common Stock shares of the Issuer. The RSUs were subject to acceleration of vesting, cancelled and converted automatically into the right to receive $24.50 per share in cash, as described in the Merger Agreement.
- [F4]Each outstanding option of the Issuer was either converted into the right to receive cash, or was cancelled without any cash payment or other consideration, as described in the Merger Agreement.