AIRGAS INC 4
4 · AIRGAS INC · Filed May 24, 2016
Insider Transaction Report
Form 4
AIRGAS INCARG
SNEED PAULA A
Director
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2016-05-23−4,500→ 0 totalExercise: $105.41Exp: 2021-08-06→ Common Stock (4,500 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2016-05-23−5,000→ 0 totalExercise: $107.17Exp: 2022-08-05→ Common Stock (5,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2016-05-23−6,300→ 0 totalExercise: $102.70Exp: 2023-08-04→ Common Stock (6,300 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2016-05-23−7,000→ 0 totalExercise: $44.18Exp: 2017-08-18→ Common Stock (7,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2016-05-23−5,500→ 0 totalExercise: $67.63Exp: 2018-09-23→ Common Stock (5,500 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2016-05-23−6,500→ 0 totalExercise: $57.49Exp: 2016-08-05→ Common Stock (6,500 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2016-05-23−4,600→ 0 totalExercise: $82.74Exp: 2020-08-14→ Common Stock (4,600 underlying) - Disposition to Issuer
Phantom Stock
2016-05-23$143.00/sh−2,593.443$370,862→ 0 total→ Common Stock (2,593.443 underlying) - Disposition to Issuer
Common Stock
2016-05-23$143.00/sh−41,941$5,997,563→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2016-05-23−5,782→ 0 totalExercise: $64.05Exp: 2019-08-29→ Common Stock (5,782 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to an Agreement and Plan of Merger, dated as of November 17, 2015, among the Issuer, L'Air Liquide, S.A. and AL Acquisition Corporation, an indirect wholly owned subsidiary of Air Liquide ("Merger Agreement"), in exchange for the cash merger consideration of $143.00 per share of Airgas, Inc. common stock disposed of by the reporting person in connection with the merger.
- [F2]Pursuant to the Merger Agreement, each stock option outstanding on the effective date of the merger, whether vested or unvested, was canceled in exchange for a cash payment equal to the product of (x) the excess of the cash per share merger consideration ($143.00) over the exercise price of the stock option and (y) the number of shares of common stock subject to the option on the effective day of the merger.
- [F3]Represents phantom stock acquired pursuant to Airgas, Inc.'s deferred compensation plan. Pursuant to the Merger Agreement, on the effective date of the merger, all notional investments denominated in Airgas, Inc. common stock in the deferred compensation plan were converted into notional investments in cash, based on the merger consideration of $143.00 per share, and the notional cash was deemed reinvested in other investment funds available under the plan.