4//SEC Filing
SKULLCANDY, INC. 4
Accession 0001423542-16-000248
CIK 0001423542operating
Filed
Oct 2, 8:00 PM ET
Accepted
Oct 3, 6:19 PM ET
Size
15.0 KB
Accession
0001423542-16-000248
Insider Transaction Report
Form 4
SKULLCANDY, INC.SKUL
Darling S Hoby
DirectorPRESIDENT AND CEO
Transactions
- Disposition to Issuer
COMMON STOCK
2016-10-03−184,096→ 0 total - Disposition to Issuer
STOCK OPTION (RIGHT TO BUY)
2016-10-03−93,167→ 0 totalExercise: $9.11Exp: 2024-03-12→ COMMON STOCK (93,167 underlying) - Disposition to Issuer
STOCK OPTION (RIGHT TO BUY)
2016-10-03−603,774→ 0 totalExercise: $5.15Exp: 2023-05-08→ COMMON STOCK (603,774 underlying) - Disposition to Issuer
STOCK OPTION (RIGHT TO BUY)
2016-10-03−116,279→ 0 totalExercise: $4.12Exp: 2026-03-07→ COMMON STOCK (116,279 underlying) - Disposition to Issuer
STOCK OPTION (RIGHT TO BUY)
2016-10-03−73,099→ 0 totalExercise: $10.58Exp: 2025-03-17→ COMMON STOCK (73,099 underlying)
Footnotes (6)
- [F1]Pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of August 23, 2016, by and among Skullcandy, Inc., a Delaware corporation (the "Company"), MRSK Hold Co., a Delaware corporation ("Parent"), and MRSL Merger Co., a Delaware corporation and a direct wholly owned subsidiary of Parent, the reporting person disposed of 85,143 shares of the Company's common stock in the merger and Offer (as defined in the Merger Agreement) in exchange for $6.35 per share in cash (the "Offer Price"), and 19,418 unvested time-based restricted stock units and 79,535 unvested performance-based restricted stock units (with respect to restricted stock units awarded that vest in whole or in part on basis of achievement of performance goals, the number of restricted stock units that would vest at 100% of targeted performance is reflected), each of which was cancelled in exchange for the Offer Price.
- [F2]Pursuant to the terms of the Merger Agreement, each stock option of the Company, whether vested or unvested, was cancelled in exchange for a cash payment with respect thereto equal to the product of (A) the excess, if any, of (1) the Offer Price over (2) the exercise price per share of such option, and (B) the number of shares of common stock underlying such option.
- [F3]The original vesting term of the option was as follows: the option vests in four equal annual installments, with the first installment vesting on March 18, 2014.
- [F4]The original vesting term of the option was as follows: the option vests in four equal annual installments, with the first installment vesting on March 12, 2015.
- [F5]The original vesting term of the option was as follows: the option vests in four equal annual installments, with the first installment vesting on March 17, 2016.
- [F6]The original vesting term of the option was as follows: the option vests in four equal annual installments, with the first installment vesting on March 7, 2017.
Documents
Issuer
SKULLCANDY, INC.
CIK 0001423542
Entity typeoperating
Related Parties
1- filerCIK 0001423542
Filing Metadata
- Form type
- 4
- Filed
- Oct 2, 8:00 PM ET
- Accepted
- Oct 3, 6:19 PM ET
- Size
- 15.0 KB