Silicon Graphics International Corp 4
4 · Silicon Graphics International Corp · Filed Nov 2, 2016
Insider Transaction Report
Form 4
BOESENBERG CHARLES
Director
Transactions
- Disposition to Issuer
Common Stock
2016-11-01−75,802→ 0 total - Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
2016-11-01−15,000→ 0 totalExercise: $11.69From: 2012-12-06Exp: 2022-01-03→ Common Stock (15,000 underlying) - Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
2016-11-01−15,000→ 0 totalExercise: $10.47From: 2013-12-09Exp: 2023-01-02→ Common Stock (15,000 underlying) - Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
2016-11-01−1,416→ 0 totalExercise: $11.83From: 2011-05-23Exp: 2017-05-23→ Common Stock (1,416 underlying) - Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
2016-11-01−3,666→ 0 totalExercise: $13.47From: 2012-05-29Exp: 2018-05-29→ Common Stock (3,666 underlying) - Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
2016-11-01−10,000→ 0 totalExercise: $9.02From: 2015-01-03Exp: 2021-01-03→ Common Stock (10,000 underlying) - Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
2016-11-01−3,333→ 0 totalExercise: $12.58From: 2011-04-26Exp: 2017-04-26→ Common Stock (3,333 underlying)
Footnotes (2)
- [F1]Shares were disposed of at the effective time of the merger of a subsidiary of Hewlett Packard Enterprise Company ("HPE") with and into the Issuer (the "Merger") pursuant to the Agreement and Plan of Merger, dated as of August 11, 2016, by and among HPE, Satellite Acquisition Sub, Inc. and the Issuer (the "Merger Agreement") in exchange for $7.75 per share, without interest, and subject to deduction for any applicable withholding taxes (the "Merger Consideration").
- [F2]Shares consist of unexercised non-qualified stock options that were converted into such number of like shares of HPE determined by multiplying the number of shares by a fraction, of which the numerator is equal to the Merger Consideration and the denominator is equal to the average closing price of a share of HPE common stock on the New York Stock Exchange for the five consecutive trading days immediately preceding (but not including) the closing date (the "Conversion Ratio"), rounded down to the nearest whole share pursuant to the terms and conditions of the Merger Agreement.