Reid Brian D 4
4 · ESTERLINE TECHNOLOGIES CORP · Filed Mar 18, 2019
Insider Transaction Report
Form 4
Reid Brian D
Corp. Controller & CAO
Transactions
- Disposition to Issuer
Employee Stock Option (Right to Buy)
2019-03-14−3,000→ 0 totalExercise: $73.40From: 2019-06-14Exp: 2028-06-14→ Common Stock (3,000 underlying) - Disposition to Issuer
Restricted Stock Units
2019-03-14−820→ 0 totalExercise: $0.00→ Common Stock (820 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2019-03-14−1,000→ 0 totalExercise: $75.85From: 2019-05-14Exp: 2028-05-14→ Common Stock (1,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2019-03-14−1,875→ 0 totalExercise: $70.10From: 2018-11-14Exp: 2027-11-14→ Common Stock (1,875 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2019-03-14−625→ 0 totalExercise: $94.96From: 2016-12-02Exp: 2025-12-02→ Common Stock (625 underlying)
Footnotes (2)
- [F1]Pursuant to the terms of the Agreement and Plan of Merger, dated as of October 9, 2018, as amended (the "Merger Agreement"), by and among Esterline Technologies Corporation ("Issuer"), TransDigm Group Incorporated, and Thunderbird Merger Sub, Inc., each option to purchase shares of common stock of the Issuer, whether vested or unvested, was, as of the Effective Time (as defined in the Merger Agreement), cancelled and converted into the right to receive an amount in cash equal to the product obtained by multiplying (a) the amount by which $122.50 exceeds the per-share exercise price of such option, by (b) the total number of shares of Issuer common stock underlying such option.
- [F2]Pursuant to the Merger Agreement (a) 572 restricted stock units, were, as of the Effective Time, cancelled and converted into the right to receive an amount in cash equal to $122.50 for each share of Issuer common stock underlying such restricted stock units and (b) 248 restricted stock units were forfeited for no consideration.