HARMAN INTERNATIONAL INDUSTRIES INC /DE/ 4
4 · HARMAN INTERNATIONAL INDUSTRIES INC /DE/ · Filed Mar 15, 2017
Insider Transaction Report
Form 4
Steel Gary
Director
Transactions
- Exercise/Conversion
Common Stock
2017-03-10+1,231→ 21,465 total - Exercise/Conversion
Common Stock
2017-03-10$74.00/sh+8,000$592,000→ 29,465 total - Disposition to Issuer
Common Stock
2017-03-10$112.00/sh−9,231$1,033,872→ 20,234 total - Disposition to Issuer
Common Stock
2017-03-10$112.00/sh−20,234$2,266,208→ 0 total - Exercise/Conversion
Restricted Share Unit
2017-03-10−1,231→ 0 total→ Common Stock (1,231 underlying) - Exercise/Conversion
Stock Option (right to buy)
2017-03-10−8,000→ 0 totalExercise: $74.00→ Common Stock (8,000 underlying)
Footnotes (3)
- [F1]On November 14, 2016, Harman International Industries, Inc. (the "Issuer") entered into an Agreement and Plan of Merger (the "Merger Agreement"), by and among Samsung Electronics Co., Ltd., Samsung Electronics America, Inc. ("Samsung USA"), Silk Delaware, Inc., a wholly owned subsidiary of Samsung USA ("Merger Sub"). Upon completion of the merger of the Issuer and Merger Sub (the "Closing"), the Reporting Person's shares of the Issuer's common stocks, shares of restricted stock units ("RSUs") and stock options were converted into the right to receive $112 in cash, without interest, (the "Merger Consideration").
- [F2]Upon the Closing, all unvested RSUs held by the Reporting Person were cancelled and converted into the right to receive an amount of cash equal to the number of shares at the Merger Consideration of $112 per share.
- [F3]Upon the Closing, all vested Stock Options held by the Reporting Person were cancelled and converted into the right to receive an amount per share of common stock equal to $112 less the exercise price for such option.