PATHMARK STORES INC 4
4 · PATHMARK STORES INC · Filed Dec 4, 2007
Insider Transaction Report
Form 4
Darrington Kevin
Senior Vice President
Transactions
- Disposition to Issuer
Employer Stock Option (right to buy)
2007-12-03−42,000→ 0 totalExercise: $10.35Exp: 2016-05-01→ Common Stock (42,000 underlying) - Disposition to Issuer
Restricted Stock Unit
2007-12-03−6,750→ 0 total - Disposition to Issuer
Common Stock
2007-12-03−1,563→ 0 total
Footnotes (3)
- [F1]Pursuant to the Agreement and Plan of Merger (the "Merger Agreement") by and among the issuer, The Great Atlantic & Pacific Tea Company, Inc. ("A&P") and Sand Merger Corp., dated March 4, 2007, each share of common stock of the issuer was converted into the right to receive $9.00 in cash and 0.12963 shares of A&P common stock.
- [F2]Pursuant to the Merger Agreement, each restricted stock unit became fully vested and was converted into the right to receive $12.90.
- [F3]This option vests in four equal annual installments beginning on May 1, 2007 and, pursuant to the Merger Agreement, was converted into the right to receive the product of (i) the number of shares subject to such option and (ii) $2.55 the excess of the closing price of the issuer's common stock on the trading day prior to closing of the merger over the exercise price of such option.