Rosenthal Michael Harry 4
4 · ENTELLUS MEDICAL INC · Filed Mar 1, 2018
Insider Transaction Report
Form 4
Rosenthal Michael Harry
General Manager
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2018-02-28$6.76/sh−20,000$135,200→ 0 totalExercise: $17.24Exp: 2027-11-04→ Common Stock (20,000 underlying) - Disposition to Issuer
Common Stock, $0.001 par value
2018-02-28$24.00/sh−30,000$720,000→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2018-02-28$7.56/sh−40,000$302,400→ 0 totalExercise: $16.44Exp: 2027-08-04→ Common Stock (40,000 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to an Agreement and Plan of Merger, dated December 7, 2017, between Entellus Medical, Inc., Stryker Corporation and Explorer Merger Sub Corp. in exchange for a cash payment of $24.00 per share.
- [F2]This option, which provided for vesting of 25% of the shares on July 13, 2018 and 36 equal monthly installments thereafter, was canceled in the merger in exchange for a cash payment equal to: (a) the number of shares of Issuer common stock underlying the option, multiplied by (b) the excess of $24.00 over the per share exercise price of such option.
- [F3]This option, which provided for vesting in 48 equal monthly installments commencing on December 1, 2017, was canceled in the merger in exchange for a cash payment equal to: (a) the number of shares of Issuer common stock underlying the option, multiplied by (b) the excess of $24.00 over the per share exercise price of such option.