Zep Inc. 4
4 · Zep Inc. · Filed Jun 29, 2015
Insider Transaction Report
Form 4
Zep Inc.ZEP
Dudley Carol A
Director
Transactions
- Disposition to Issuer
Common Stock
2015-06-26−12,947→ 0 total - Disposition to Issuer
Share Units
2015-06-26−6,442→ 0 total→ Common Stock (6,442 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to an agreement and plan of merger dated April 7, 2015 by and among issuer, NM Z Parent, Inc. and NM Z Merger Sub Inc. (the "Merger") in which the issuer's common stock holders, as of the effective time of the Merger, June 26, 2015, were entitled to receive the merger consideration of $20.05 per common share.
- [F2]Effective with the Merger, the Zep Inc. Non-Employee Director Deferred Compensation Plan (the "Director Plan") terminated and all balances were distributed.
- [F3]Share units outstanding under the Director Plan were cancelled pursuant to the Merger in exchange for a cash payment equal to the number of units multiplied by the merger consideration of $20.05.