GUDENKAUF JENNIFER 4
4 · Welbilt, Inc. · Filed Jul 29, 2022
Insider Transaction Report
Form 4
GUDENKAUF JENNIFER
EVP & CHRO
Transactions
- Disposition to Issuer
Stock Options (Right to Buy)
2022-07-28$9.99/sh−2,051$20,489→ 0 totalExercise: $14.01From: 2023-02-21Exp: 2030-02-23→ Common (2,051 underlying) - Disposition to Issuer
Stock Options (Right to Buy)
2022-07-28$9.23/sh−3,603$33,256→ 0 totalExercise: $14.77From: 2024-02-15Exp: 2031-02-15→ Common Stock (3,603 underlying) - Disposition to Issuer
Stock Options (Right to Buy)
2022-07-28$9.99/sh−2,051$20,489→ 0 totalExercise: $14.01From: 2024-02-21Exp: 2030-02-24→ Common Stock (2,051 underlying) - Disposition to Issuer
Common Stock
2022-07-28$24.00/sh−47,452$1,138,848→ 0 total - Disposition to Issuer
Stock Options (Right to Buy)
2022-07-28$9.23/sh−3,603$33,256→ 0 totalExercise: $14.77From: 2023-02-15Exp: 2031-02-15→ Common Stock (3,603 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of July 14, 2021, by and among the Issuer, Ali Holding S.r.l., an Italian societa a responsabilita limitata ("Ali"), Ali Group North America Corporation, a Delaware corporation and a wholly owned subsidiary of Ali ("Acquiror"), and Ascend Merger Corp. ("Merger Sub"), a Delaware corporation and a wholly owned subsidiary of Acquiror, in exchange for cash consideration of $24.00 per share of common stock of the Issuer (the "Merger Consideration") on the effective date of the merger.
- [F2]Stock options were canceled in the merger in exchange for an amount in cash equal to the difference between the Merger Consideration of $24.00 and the exercise price of the option.
- [F3]Represents shares underlying performance stock units of the Issuer (the "Company PSUs"), which were converted into the right to receive cash in an amount equal to the number of shares of common stock of the Issuer underlying such Company PSUs multiplied by the Merger Consideration, assuming the maximum level of performance was achieved.