4//SEC Filing
SKULLCANDY, INC. 4
Accession 0001423542-16-000254
CIK 0001423542operating
Filed
Oct 2, 8:00 PM ET
Accepted
Oct 3, 6:34 PM ET
Size
9.7 KB
Accession
0001423542-16-000254
Insider Transaction Report
Form 4
SKULLCANDY, INC.SKUL
Collier Douglas P
Director
Transactions
- Disposition to Issuer
COMMON STOCK
2016-10-03−34,530→ 0 total - Disposition to Issuer
COMMON STOCK
2016-10-03−31,622→ 0 total(indirect: By Trust) - Disposition to Issuer
STOCK OPTION (RIGHT TO BUY)
2016-10-03−28,000→ 0 totalExercise: $20.00Exp: 2021-07-19→ COMMON STOCK (28,000 underlying)
Footnotes (3)
- [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 a total of 43,425 shares of the Company's common stock (of which (i) 11,802 shares of the Company's common stock were held directly by the reporting person and (ii) 31,622 shares of the Company's common stock were indirectly held by a family trust of the reporting person) in the merger and Offer (as defined in the Merger Agreement) in exchange for $6.35 per share in cash (the "Offer Price"), and 22,727 unvested time-based restricted stock units, which were 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: (i) with respect to 33% of the shares underlying the option, on July 6, 2012; and (ii) with respect to the remaining 67% of the shares underlying the option, in twenty-four substantially equal installments on each monthly anniversary thereafter.
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, 6:34 PM ET
- Size
- 9.7 KB