Patient Safety Technologies, Inc 4
4 · Patient Safety Technologies, Inc · Filed Mar 25, 2014
Insider Transaction Report
Form 4
DREYER DAVID C
CFO, Vice President, Secretary
Transactions
- Disposition to Issuer
Common Stock, par value $0.0001
2014-03-24$2.22/sh−621,666$1,380,099→ 0 total - Disposition to Issuer
Options for Common Stock, par value $0.0001
2014-03-24$2.22/sh−33,334$74,001→ 0 totalExercise: $0.75From: 2014-03-24Exp: 2020-10-22→ Common Stock (33,334 underlying) - Disposition to Issuer
Options for Common Stock, par value $0.0001
2014-03-24$2.22/sh−100,000$222,000→ 0 totalExercise: $1.20From: 2014-03-24Exp: 2022-01-30→ Common Stock (100,000 underlying)
Footnotes (1)
- [F1]On December 31, 2013, Patient Safety Technologies, Inc. ("Patient Safety"), Styker Corporation ("Stryker") and PS Merger Sub Inc., a wholly owned subsidiary of Stryker ("Purchaser"), entered into an agreement (the "Merger Agreement") pursuant to which Purchaser was merged into Patient Safety and ceased to exist and Patient Safety remained as the surviving corporation and a wholly owned subsidiary of Stryker (the "Merger"). Pursuant to the Merger Agreement, at the effective time each holder of Patient Safety Common Stock would receive $2.22 per share, each holder of Patient Safety Series A Convertible Preferred Stock would receive $100.00 per share and each holder of Patient Safety Series B Convertible Preferred Stock would receive $296.00 per share. The Merger was consummated on March 24, 2014.