4//SEC Filing
ADT Corp 4
Accession 0001225208-16-032581
CIK 0001546640operating
Filed
May 3, 8:00 PM ET
Accepted
May 4, 5:20 PM ET
Size
19.5 KB
Accession
0001225208-16-032581
Insider Transaction Report
Form 4
ADT CorpADT
Edoff Mark N.
See Remarks
Transactions
- Disposition to Issuer
Common Stock
2016-05-02−35,585→ 0 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2016-05-02−17,220→ 0 totalExercise: $28.39Exp: 2021-10-11→ Common Stock (17,220 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2016-05-02−11,900→ 0 totalExercise: $35.98Exp: 2024-11-13→ Common Stock (11,900 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2016-05-02−3,845→ 0 totalExercise: $18.57Exp: 2018-10-06→ Common Stock (3,845 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2016-05-02−15,347→ 0 totalExercise: $23.88Exp: 2020-10-11→ Common Stock (15,347 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2016-05-02−12,090→ 0 totalExercise: $33.81Exp: 2025-11-12→ Common Stock (12,090 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2016-05-02−4,129→ 0 totalExercise: $21.62Exp: 2019-09-30→ Common Stock (4,129 underlying)
Footnotes (9)
- [F1]On May 2, 2016, pursuant to the merger agreement, dated as of February 14, 2016 (the "Merger Agreement"), entered into by and among the Issuer, Prime Security Services Borrower, LLC, a Delaware limited liability company ("Parent"), Prime Security One MS, Inc., a Delaware corporation and a wholly owned subsidiary of Parent ("Merger Sub"), Prime Security Services Parent, Inc., a Delaware corporation, and Prime Security Services TopCo Parent, L.P., a Delaware limited partnership, Merger Sub merged with and into the Issuer (the "Merger") with the Issuer surviving the Merger as a wholly owned subsidiary of Parent. Includes 6,456 restricted stock units ("RSUs").
- [F2]Pursuant to the Merger Agreement, (a) at the effective time of the Merger, each outstanding share of the Issuer's common stock was converted into the right to receive $42.00 in cash, without interest, and (b) immediately prior to the effective time of the Merger, any vesting conditions applicable to each outstanding RSU accelerated in full, and each such unit was cancelled and the holder thereof was entitled to receive an amount in cash, without interest, equal to the product of (i) the total number of shares subject to such units immediately prior to the effective time multiplied by (ii) $42.00.
- [F3]Pursuant to the Merger Agreement, immediately prior to the effective time of the Merger, each outstanding option to purchase shares of Issuer common stock became immediately vested and was cancelled and the holder thereof was entitled to receive an amount in cash, without interest, equal to the product of (i) the number of shares subject to such option, multiplied by (ii) the excess, if any, of $42.00 over the exercise price of the option.
- [F4]This option provided for vesting in equal increments on October 1, 2010, 2011, 2012 and 2013.
- [F5]This option provided for vesting in equal increments on October 7, 2009, 2010, 2011 and 2012.
- [F6]This option provided for vesting in equal increments on October 12, 2011, 2012, 2013 and 2014.
- [F7]This option provided for vesting in equal increments on October 12, 2012, 2013, 2014 and 2015.
- [F8]This option provided for vesting in equal increments on November 13, 2016, November 13, 2017, November 13, 2018 and November 13, 2019.
- [F9]This option provided for vesting in equal increments on November 14, 2015, November 14, 2016, November 14, 2017 and November 14, 2018.
Documents
Issuer
ADT Corp
CIK 0001546640
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001546640
Filing Metadata
- Form type
- 4
- Filed
- May 3, 8:00 PM ET
- Accepted
- May 4, 5:20 PM ET
- Size
- 19.5 KB