4//SEC Filing
Groesch Richard C III 4
Accession 0001373980-13-000010
CIK 0001373980other
Filed
Jan 27, 7:00 PM ET
Accepted
Jan 28, 5:40 PM ET
Size
15.0 KB
Accession
0001373980-13-000010
Insider Transaction Report
Form 4
Heelys, Inc.HLYS
Groesch Richard C III
Chief Commercial Officer
Transactions
- Disposition to Issuer
Common Stock
2013-01-24$2.25/sh−3,000$6,750→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2013-01-24−20,000→ 0 totalExercise: $2.90Exp: 2021-02-02→ Common Stock (20,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2013-01-24−20,000→ 0 totalExercise: $2.47Exp: 2020-03-18→ Common Stock (20,000 underlying) - Disposition to Issuer
Restricted Stock Unit
2013-01-24$2.25/sh−28,540$64,215→ 0 totalExp: 2013-12-31→ Common Stock (28,540 underlying) - Disposition to Issuer
Restricted Stock Unit
2013-01-24$2.25/sh−16,134$36,302→ 0 totalExp: 2014-12-31→ Common Stock (16,134 underlying)
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 28,540 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. 39,954 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 16,134 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. 16,134 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.
Documents
Issuer
Heelys, Inc.
CIK 0001373980
Entity typeother
Related Parties
1- filerCIK 0001512055
Filing Metadata
- Form type
- 4
- Filed
- Jan 27, 7:00 PM ET
- Accepted
- Jan 28, 5:40 PM ET
- Size
- 15.0 KB