4//SEC Filing
King Mark W 4
Accession 0001214659-24-021155
CIK 0000065759other
Filed
Dec 29, 7:00 PM ET
Accepted
Dec 30, 5:26 PM ET
Size
6.8 KB
Accession
0001214659-24-021155
Insider Transaction Report
Form 4
King Mark W
DirectorChief Executive Officer
Transactions
- Disposition to Issuer
Common Stock
2024-12-30$20.00/sh−39,158$783,160→ 0 total
Footnotes (3)
- [F1]Pursuant to the Agreement and Plan of Merger, dated November 1, 2024 (the "Merger Agreement"), by and among Micropac Industries, Inc., a Delaware corporation (the "Issuer"), Teledyne Technologies Incorporated, a Delaware corporation and Harrier Merger Sub, Inc., a Delaware corporation, each share of common stock, par value $0.10 per share of the Issuer (the "Common Stock"), was canceled and converted into the right to receive $20.00 per share in cash without interest, subject to required withholding of taxes (the "Merger Consideration").
- [F2]Includes 11,257 restricted stock units ("RSUs"). Pursuant to the Merger Agreement, each RSU that was outstanding as of immediately prior to the effective time of the merger, automatically became fully vested and was cancelled by virtue of the merger without any action on the part of any holder or beneficiary thereof and entitled the holder to receive an amount in cash, without interest, subject to required withholding of taxes, equal to the product of (i) the number of shares of Common Stock then underlying such RSU award as of immediately prior to the effective time of the merger, and (ii) the Merger Consideration.
- [F3]Includes 10,901 restricted stock units subject to performance-based vesting conditions ("PSUs"). Pursuant to the Merger Agreement, each PSU that was outstanding as of immediately prior to the effective time of the merger, automatically became fully vested and was cancelled by virtue of the merger without any action on the part of any holder or beneficiary thereof and entitled the holder to receive an amount in cash, without interest, subject to required withholding of taxes, equal to the product of (i) the number of shares of Common Stock then underlying such PSU award as of immediately prior to the effective time of the merger, and (ii) the Merger Consideration.
Documents
Issuer
MICROPAC INDUSTRIES INC
CIK 0000065759
Entity typeother
Related Parties
1- filerCIK 0001433626
Filing Metadata
- Form type
- 4
- Filed
- Dec 29, 7:00 PM ET
- Accepted
- Dec 30, 5:26 PM ET
- Size
- 6.8 KB