POKLUDA JAMES L III 4
4 · Houston Wire & Cable CO · Filed Jun 17, 2021
Insider Transaction Report
Form 4
POKLUDA JAMES L III
President
Transactions
- Disposition to Issuer
COMMON STOCK
2021-06-15−674,047→ 0 total - Disposition to Issuer
PERFORMANCE STOCK UNITS
2021-06-15−52,910→ 0 total→ COMMON STOCK (52,910 underlying) - Disposition to Issuer
STOCK OPTION
2021-06-15−72,910→ 0 totalExercise: $72910.00Exp: 2021-12-20→ COMMON STOCK (72,910 underlying)
Footnotes (4)
- [F1]Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of March 24, 2021, by and among the Omni Cable, LLC, OCDFH Acquisition Sub Inc. ("Merger Sub") and Houston Wire & Cable Company (the "Issuer"), effective as of the effective time of the merger of Merger Sub with and into the Issuer (the "Merger"), these shares of the Issuer's common stock were canceled and converted into the right to receive $5.30 in cash per share (the "Merger Consideration"). The number of shares reported includes 318,212 shares of restricted stock subject to vesting conditions previously reported, which vested in full upon consummation of the Merger.
- [F2]Represents performance stock units previously granted to the reporting person pursuant to the Issuer's stock plan on March 12, 2019 (and not previously reported). Pursuant to the Merger Agreement, these performance stock units awards were converted into the right to receive an amount in cash equal to the product of (x) the Merger Consideration and (y) the number of shares of the Issuer's common stock subject to the performance stock unit award assuming performance at 100% of target levels.
- [F3]These stock options vested in one-third increments on each of the first three anniversaries of the grant date.
- [F4]Pursuant to the Merger Agreement, these outstanding vested stock options were cancelled without any payment to the reporting person, since the exercise price was greater than the Merger Consideration.