Symetra Financial CORP 4
4 · Symetra Financial CORP · Filed Feb 2, 2016
Insider Transaction Report
Form 4
Meister Margaret A.
EVP, CFO
Transactions
- Disposition to Issuer
Common Stock
2016-02-01$32.00/sh−98,916$3,165,312→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2016-02-01−500,000→ 0 totalExercise: $26.20Exp: 2018-06-30→ Common Stock (500,000 underlying) - Disposition to Issuer
Common Stock (Restricted)
2016-02-01$32.00/sh−43,031$1,376,992→ 0 total
Footnotes (4)
- [F1]On February 1, 2016, Sumitomo Life Insurance Company acquired the Issuer pursuant to the Agreement and Plan of Merger by and among the Issuer, Sumitomo Life Insurance Company and SLIC Financial Corporation dated as of August 11, 2015 (the "Merger Agreement").
- [F2]The Merger Agreement provides that, at the Effective Time (as defined in the Merger Agreement), each outstanding share of the Issuer's common stock owned by the reporting person was cancelled and converted into the right to receive $32.00 in cash (the "per share merger consideration").
- [F3]The Merger Agreement provides that, at the Effective Time, each outstanding restricted share of the Issuer's common stock owned by the reporting person was cancelled and converted into the right to receive the per share merger consideration.
- [F4]The Merger Agreement provides that, at the Effective Time, each outstanding stock option owned by the reporting person that has an exercise price per share of common stock underlying the stock option that is less than the per share merger consideration, will be cancelled and converted into the right to receive an amount in cash, without interest, determined by multiplying (i) the excess of the per share merger consideration over the exercise price of such stock option by (ii) the number of shares of common stock underlying the stock option.