Staton Mark 4
4 · XERIUM TECHNOLOGIES INC · Filed Oct 17, 2018
Insider Transaction Report
Form 4
Staton Mark
DirectorPresident and CEO
Transactions
- Disposition to Issuer
Phantom Stock Unit
2018-10-17$13.50/sh−113,122$1,527,147→ 0 total→ Common Stock (113,122 underlying) - Disposition to Issuer
Phantom Stock Unit
2018-10-17$13.50/sh−72,886$983,961→ 0 total→ Common Stock (72,886 underlying) - Disposition to Issuer
Common Stock
2018-10-17$13.50/sh−20,000$270,000→ 0 total - Disposition to Issuer
Performance Restricted Stock Unit
2018-10-17$13.50/sh−426,000$5,751,000→ 0 total→ Common Stock (426,000 underlying)
Footnotes (4)
- [F1]Represents the conversion of outstanding shares of common stock of Xerium Technologies, Inc. (the "Company") into the right to receive $13.50 per share in connection with the merger of the Company with an indirect wholly owned subsidiary of Andritz AG on October 17, 2018 (the "Merger"), pursuant to an Agreement and Plan of Merger dated June 24, 2018.
- [F2]Represents the number of restricted stock units earned by Mr. Staton pursuant to the Inducement Restricted Stock Unit Award Agreement between the Company and Mr. Staton. In connection with the Merger, on October 17, 2018, the restricted stock units were converted into the right to receive $13.50 per unit.
- [F3]Each Phantom Stock Unit ("2018 Units") is the economic equivalent of one share of the Company's common stock and was awarded pursuant to the Company's 2018 Long-Term Incentive Plan. In connection with the Merger, on October 17, 2018, the 2018 Units vested and were converted into the right to receive 13.50 per unit.
- [F4]Each Phantom Stock Unit ("2017 Units") is the economic equivalent of one share of the Company's common stock and was awarded pursuant to the Company's 2017 Long-Term Incentive Plan. In connection with the Merger, on October 17, 2018, the 2017 Units vested and were converted into the right to receive $13.50 per unit.