FITZGERALD RICHARD E 4
4 · SMTC CORP · Filed Apr 6, 2021
Insider Transaction Report
Form 4
SMTC CORPSMTX
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2021-04-05$2.37/sh−200,000$474,000→ 0 totalExercise: $3.67Exp: 2029-05-13→ Common Stock (200,000 underlying) - Disposition to Issuer
Common Stock
2021-04-05$6.04/sh−256,482$1,550,177→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2021-04-05$4.78/sh−134,371$642,293→ 0 totalExercise: $1.26Exp: 2027-06-05→ Common Stock (134,371 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of January 3, 2021, by and among EMS Silver Inc. ("EMS Silver"), EMS Silver Merger Sub Inc., a wholly owned subsidiary of EMS Silver, and the issuer, pursuant to which, at the effective time of the merger, the outstanding shares of the issuers common stock were converted into the right to receive $6.044 per share in cash, without interest.
- [F2]Disposed of pursuant to the Merger Agreement, pursuant to which, at the effective time of the merger, the option was cancelled in exchange for the right to receive $6.044 per share in cash, without interest, less the per share exercise price.
- [F3]This option, which originally provided for vesting based upon achievement of stock price hurdles, became fully vested in connection with the merger.