NEWPORT CORP 4
4 · NEWPORT CORP · Filed May 2, 2016
Insider Transaction Report
Form 4
NEWPORT CORPNEWP
Meintjes Willem A
VP and Corporate Controller
Transactions
- Disposition to Issuer
Common Stock
2016-04-29−3,094→ 0 total - Disposition to Issuer
Common Stock
2016-04-29$23.00/sh−901$20,723→ 0 total - Disposition to Issuer
Stock Appreciation Right
2016-04-29−4,640→ 0 totalExercise: $19.11Exp: 2022-05-19→ Common Stock (4,640 underlying)
Footnotes (3)
- [F1]On April 29, 2016, pursuant to the Agreement and Plan of Merger between the issuer, MKS Instruments, Inc. ("MKS") and MKS' wholly owned subsidiary, PSI Equipment, Inc. ("Merger Sub"), dated February 22, 2016 (the "Merger Agreement"), Merger Sub merged with and into the issuer (the "Merger"), with the issuer surviving the Merger as a wholly owned subsidiary of MKS. Pursuant to the Merger Agreement, at the effective time of the Merger, the shares were automatically converted into a right to receive $23.00 per share in cash.
- [F2]Restricted stock units representing the right to receive a total of 3,094 shares of the issuer's common stock, which vest in two equal installments on March 31, 2017 and March 31, 2018, were assumed by MKS in connection with the Merger and were converted into restricted stock units representing the right to receive a total of 1,899 shares of MKS' common stock.
- [F3]Stock appreciation right, which vests in equal 1/3rd installments on March 31, 2016, 2017 and 2018, was assumed by MKS in connection with the Merger and was converted into a stock appreciation right with respect to a total of 2,848 shares of MKS' common stock having a base value of $31.13 per share.