Kennedy Phillip B. 4
4 · XERIUM TECHNOLOGIES INC · Filed Oct 17, 2018
Insider Transaction Report
Form 4
Kennedy Phillip B.
EVP, GC & Secretary
Transactions
- Disposition to Issuer
Phantom Stock Unit
2018-10-17$13.50/sh−33,937$458,150→ 0 total→ Common Stock (33,937 underlying) - Disposition to Issuer
Phantom Stock Unit
2018-10-17$13.50/sh−18,222$245,997→ 0 total→ Common Stock (18,222 underlying) - Disposition to Issuer
Common Stock
2018-10-17$13.50/sh−40$540→ 0 total
Footnotes (3)
- [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]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.
- [F3]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.