GILBERT LESLI R 4
4 · TALBOTS INC · Filed Aug 7, 2012
Insider Transaction Report
Form 4
TALBOTS INCTLB
GILBERT LESLI R
SVP, Stores
Transactions
- Disposition from Tender
Common Stock, par value $0.01 per share
2012-08-03$2.75/sh−38,559$106,037→ 0 total
Footnotes (1)
- [F1]On August 3, 2012, TLB Merger Sub Inc. ("Sub"), a direct wholly owned subsidiary of TLB Holdings LLC ("Parent"), successfully completed the tender offer (?Offer?) for all outstanding shares of common stock of The Talbots, Inc. ("Issuer") pursuant to the Agreement and Plan of Merger, dated May 30, 2012, by and among the Issuer, Sub and Parent, as amended by Amendment No. 1, dated July 20, 2012. Following the Offer on August 3, 2012, Sub merged with and into Issuer with Issuer surviving the merger as a wholly owned subsidiary of Parent. To the extent unvested, all outstanding restricted stock and options under the Issuer's 2003 Executive Stock Based Incentive Plan became vested pursuant to plan terms upon acceptance of the tendered shares in the Offer.