4//SEC Filing
Silicon Graphics International Corp 4
Accession 0001437749-16-040891
CIK 0001316625operating
Filed
Nov 1, 8:00 PM ET
Accepted
Nov 2, 6:51 PM ET
Size
13.2 KB
Accession
0001437749-16-040891
Insider Transaction Report
Form 4
Titinger Jorge
Director
Transactions
- Disposition to Issuer
Performance Restricted Stock Units
2016-11-01−91,589→ 0 totalExercise: $0.00→ Common Stock (91,589 underlying) - Disposition to Issuer
Non-Qualified Stock Options (Right to Buy)
2016-11-01−209,896→ 0 totalExercise: $9.78From: 2016-02-17Exp: 2022-03-01→ Common Stock (209,896 underlying) - Disposition to Issuer
Common Stock
2016-11-01−270,230→ 0 total - Disposition to Issuer
Restricted Stock Units
2016-11-01−363,475→ 0 totalExercise: $0.00→ Common Stock (363,475 underlying)
Footnotes (6)
- [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]Vests in accordance with the terms and conditions of the original grants and plans.
- [F3]Restricted Stock Units have no expiration date
- [F4]Shares consist of unvested restricted stock units 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.
- [F5]Shares consist of unvested performance stock units 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. Pursuant to their terms, such performance stock units are deemed attained and subject only to time based vesting.
- [F6]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.
Documents
Issuer
Silicon Graphics International Corp
CIK 0001316625
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001316625
Filing Metadata
- Form type
- 4
- Filed
- Nov 1, 8:00 PM ET
- Accepted
- Nov 2, 6:51 PM ET
- Size
- 13.2 KB