4//SEC Filing
GOLD JEFFREY 4
Accession 0001387131-19-008132
CIK 0001528557other
Filed
Oct 30, 8:00 PM ET
Accepted
Oct 31, 4:51 PM ET
Size
25.8 KB
Accession
0001387131-19-008132
Insider Transaction Report
Form 4
GOLD JEFFREY
Director
Transactions
- Disposition to Issuer
Common Stock
2019-10-29$4.28/sh−115,149$492,838→ 0 total - Disposition to Issuer
Non-qualified stock option (right to buy)
2019-10-29$3.73/sh−50,004$186,515→ 0 totalExercise: $0.55Exp: 2021-02-10→ Common Stock (50,004 underlying) - Disposition to Issuer
Non-qualified stock option (right to buy)
2019-10-29$3.73/sh−25,002$93,257→ 0 totalExercise: $0.55Exp: 2021-02-10→ Common Stock (25,002 underlying) - Disposition to Issuer
Non-qualified stock option (right to buy)
2019-10-29$3.73/sh−57,504$214,490→ 0 totalExercise: $0.55Exp: 2022-02-10→ Common Stock (57,504 underlying) - Disposition to Issuer
Non-qualified stock option (right to buy)
2019-10-29$3.73/sh−25,002$93,257→ 0 totalExercise: $0.55Exp: 2022-02-10→ Common Stock (25,002 underlying) - Disposition to Issuer
Non-qualified stock option (right to buy)
2019-10-29$3.73/sh−25,002$93,257→ 0 totalExercise: $0.55Exp: 2022-02-10→ Common Stock (25,002 underlying) - Disposition to Issuer
Non-qualified stock option (right to buy)
2019-10-29$0.03/sh−68,493$2,055→ 0 totalExercise: $4.25Exp: 2025-05-27→ Common Stock (68,493 underlying) - Disposition to Issuer
Non-qualified stock option (right to buy)
2019-10-29$2.82/sh−35,000$98,700→ 0 totalExercise: $1.46Exp: 2026-06-22→ Common Stock (35,000 underlying) - Disposition to Issuer
Non-qualified stock option (right to buy)
2019-10-29$3.18/sh−27,272$86,725→ 0 totalExercise: $1.10Exp: 2026-09-26→ Common Stock (27,272 underlying) - Disposition to Issuer
Non-qualified stock option (right to buy)
2019-10-29$2.60/sh−17,857$46,428→ 0 totalExercise: $1.68Exp: 2027-06-21→ Common Stock (17,857 underlying)
Footnotes (6)
- [F1]On October 29, 2019, Siemens Medical Solutions USA, Inc., a Delaware corporation ("Parent"), acquired the Issuer pursuant to that certain Agreement and Plan of Merger entered into by and among the Issuer, Parent and Corpus Merger Inc., a Delaware corporation and wholly-owned subsidiary of Parent ("Merger Sub"), dated as of August 7, 2019 (the "Merger Agreement"). In accordance with the Merger Agreement, Merger Sub merged with and into the Issuer, with the Issuer surviving such merger as a wholly-owned subsidiary of Parent (the "Merger").
- [F2]These shares represent 94,412 shares of the Issuer's common stock and 20,737 restricted stock units ("RSUs").
- [F3]At the effective time of the Merger (the "Effective Time"), which occurred on October 29, 2019, (i) each outstanding share of the Issuer's common stock (other than certain excluded shares) automatically converted into the right to receive $4.28 in cash, without interest and less any applicable withholding taxes, and (ii) each outstanding RSU converted into the right to receive a cash payment equal to the product of (a) $4.28 and (b) the number of shares of the Issuer's common stock underlying the RSU as of the Effective Time, without interest and net of any applicable withholding taxes.
- [F4]This option provided for vesting in two equal installments at the end of each anniversary of the date of grant.
- [F5]At the Effective Time, each outstanding and unexercised option to purchase shares of the Issuer's common stock automatically converted into the right to receive a cash payment equal to the product of (i) the excess, if any, of $4.28 over the per share exercise price of such option, and (ii) the number of shares of the Issuer's common stock subject to such option as of the Effective Time, without interest and net of any applicable withholding taxes.
- [F6]This option provided for vesting over a period of three years with 33.33% vesting on the first anniversary of issuance and 8.334% vesting at the end of each calendar quarter thereafter.
Documents
Issuer
Corindus Vascular Robotics, Inc.
CIK 0001528557
Entity typeother
Related Parties
1- filerCIK 0000938659
Filing Metadata
- Form type
- 4
- Filed
- Oct 30, 8:00 PM ET
- Accepted
- Oct 31, 4:51 PM ET
- Size
- 25.8 KB