SPAN AMERICA MEDICAL SYSTEMS INC 4
4 · SPAN AMERICA MEDICAL SYSTEMS INC · Filed Jun 21, 2017
Insider Transaction Report
Form 4
Darby William Derrill
Director - Quality
Transactions
- Disposition to Issuer
Common stock
2017-06-16−3,000→ 0 totalExercise: $14.90From: 2011-07-01Exp: 2020-11-09→ Common stock (3,000 underlying)
Footnotes (2)
- [F1]Pursuant to a Stock Option Cancellation Agreement dated May 1, 2017 by and between Span-America and the Reporting Person, the stock option was cancelled as of the Effective Date of the Merger contemplated in the Merger Agreement, and the Reporting Person received a lump sum cash payment from Span-America in an amount equal to the number of shares subject to that stock option multiplied by an amount equal to $29.00 minus the exercise price of that stock option.
- [F2]Exercisable at the rate of 1,000 shares on noted date and an additional 1,000 shares on each anniversary of noted date.