4//SEC Filing
Mukerjee Sandip 4
Accession 0001415889-23-011339
CIK 0000927355other
Filed
Jul 18, 8:00 PM ET
Accepted
Jul 19, 6:00 PM ET
Size
32.0 KB
Accession
0001415889-23-011339
Insider Transaction Report
Form 4
Mukerjee Sandip
DirectorPresident and CEO
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2023-07-17$3.64/sh−10,000$36,400→ 0 totalExercise: $5.36Exp: 2028-08-19→ Common Stock (10,000 underlying) - Disposition to Issuer
Common Stock
2023-07-17−25,029→ 0 total - Disposition to Issuer
Common Stock
2023-07-17−22,500→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2023-07-17$4.64/sh−20,000$92,800→ 0 totalExercise: $4.36Exp: 2026-05-15→ Common Stock (20,000 underlying) - Disposition to Issuer
Common Stock
2023-07-17−2,494→ 0 total - Disposition to Issuer
Common Stock
2023-07-17−7,500→ 0 total - Disposition to Issuer
Common Stock
2023-07-17−3,750→ 0 total - Disposition to Issuer
Common Stock
2023-07-17−7,500→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2023-07-17−250,000→ 0 totalExercise: $11.52Exp: 2025-11-15→ Common Stock (250,000 underlying) - Disposition to Issuer
Common Stock
2023-07-17−16,506→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2023-07-17$3.16/sh−10,000$31,600→ 0 totalExercise: $5.84Exp: 2027-08-19→ Common Stock (1,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2023-07-17$2.09/sh−10,000$20,900→ 0 totalExercise: $6.91Exp: 2026-08-19→ Common Stock (10,000 underlying) - Disposition to Issuer
Performance Share Unit
2023-07-17$9.00/sh−22,500$202,500→ 0 totalExercise: $0.00→ Common Stock (22,500 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2023-07-17$1.63/sh−30,000$48,900→ 0 totalExercise: $7.37Exp: 2027-04-29→ Common Stock (30,000 underlying) - Disposition to Issuer
Performance Share Unit
2023-07-17−7,500→ 0 totalExercise: $9.00→ Common Stock (7,500 underlying)
Footnotes (5)
- [F1]Disposed of pursuant to merger agreement between issuer and Alliance USAcqCo 2, Inc. dated April 11, 2023, in exchange for the right to receive $9.00 in cash, without interest.
- [F2]Reflects Common Stock covered by Restricted Stock Units, sometimes referred to as RSUs, representing the conditional right to receive one share of Common Stock. Reporting Person previously elected to report the shares of Common Stock as an award in Table I instead of reporting the award of the RSUs in Table II.
- [F3]Reflects Common Stock covered by Restricted Stock Units, sometimes referred to as RSUs, representing the conditional right to receive one share of Common Stock. The "amount" reflects number of shares covered by RSUs which were forfeited ($0) on the effective date of the merger.
- [F4]This option was canceled pursuant to the merger agreement between the Issuer and Alliance USAcqCo 2, Inc. dated April 11, 2023, in exchange for a cash payment representing the difference between the exercise price of the option (Column 2) and the market value of the underlying TESS common stock on the effective date of the merger ($9 per share). If Column 2 equals or exceeds $9 per share, the option was canceled for no consideration.
- [F5]Reflects applicable portion of Performance Share Unit (PSU) award for 30,000 shares in the aggregate, of which 7,500 PSUs vested and were paid ($9 per share) and 22,500 PSUs were forfeited ($0 per share) on the effective date of the merger.
Documents
Issuer
TESSCO TECHNOLOGIES INC
CIK 0000927355
Entity typeother
Related Parties
1- filerCIK 0001785996
Filing Metadata
- Form type
- 4
- Filed
- Jul 18, 8:00 PM ET
- Accepted
- Jul 19, 6:00 PM ET
- Size
- 32.0 KB