McGeachy N. Roderick III 4
4 · Heelys, Inc. · Filed Jan 28, 2013
Insider Transaction Report
Form 4
Heelys, Inc.HLYS
McGeachy N. Roderick III
Director
Transactions
- Disposition to Issuer
Common Stock
2013-01-24$2.25/sh−1,000$2,250→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2013-01-24$0.10/sh−20,000$2,000→ 0 totalExercise: $2.15Exp: 2019-11-17→ Common Stock (20,000 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of December 7, 2012, by and among the issuer, Sequential Brands Group, Inc. and Wheels Merger Sub Inc. (the "Merger Agreement"), pursuant to which the outstanding shares of the issuer's common stock were cancelled and converted into the right to receive $2.25 in cash, without interest and less any applicable withholding tax.
- [F2]Pursuant to the Merger Agreement, as of and immediately prior to the effective time of the merger effected thereby, this option was cancelled and converted into the right to receive a cash payment, less any applicable taxes required to be withheld and without interest, equal to the product of (i) the excess of $2.25 over the per share exercise price of such option and (ii) the number of shares of common stock subject to such option.