Storey Craig D 4
4 · Heelys, Inc. · Filed Jan 28, 2013
Insider Transaction Report
Form 4
Heelys, Inc.HLYS
Storey Craig D
CFO/COO
Transactions
- Disposition to Issuer
Restricted Stock Unit
2013-01-24$2.25/sh−18,142$40,820→ 0 totalExp: 2014-12-31→ Common Stock (18,142 underlying) - Disposition to Issuer
Restricted Stock Unit
2013-01-24$2.25/sh−32,345$72,776→ 0 totalExp: 2013-12-31→ Common Stock (32,345 underlying) - Disposition to Issuer
Stock Option (right to buy)
2013-01-24−75,000→ 0 totalExercise: $2.36Exp: 2020-08-25→ Common Stock (75,000 underlying) - Disposition to Issuer
Common Stock
2013-01-24$2.25/sh−14,600$32,850→ 0 total
Footnotes (4)
- [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 without cash payment because the per share exercise price of such option was greater than $2.25.
- [F3]Pursuant to the Merger Agreement, as of and immediately prior to the effective time of the merger effected thereby, the vesting conditions or restrictions applicable to 32,345 of the originally-awarded restricted stock units lapsed, and such vested restricted stock units converted into the right to receive an amount equal to $2.25 for each such vested restricted stock unit, reduced by the required amount of withholding tax, if any. 45,281 of the originally-awarded restricted stock units did not vest due to the non-achievement of performance criteria, and such restricted stock units were cancelled.
- [F4]Pursuant to the Merger Agreement, as of and immediately prior to the effective time of the merger effected thereby, the vesting conditions or restrictions applicable to 18,142 of the originally-awarded restricted stock units lapsed, and such vested restricted stock units converted into the right to receive an amount equal to $2.25 for each such vested restricted stock unit, reduced by the required amount of withholding tax, if any. 18,142 of the originally-awarded restricted stock units did not vest due to the non-achievement of performance criteria, and such restricted stock units were cancelled.