Brown Jeffrey Stuart 4
4 · SIERRA MONITOR CORP /CA/ · Filed May 23, 2019
Insider Transaction Report
Form 4
Transactions
- Disposition to Issuer
COMMON STOCK
2019-05-20−28,533→ 0 total - Disposition to Issuer
COMMON STOCK
2019-05-20−112,500→ 0 total
Footnotes (2)
- [F1]Shares of Issuer common stock were cancelled and disposed at the effective time of the merger of Gateway Merger Sub, Inc. ("Merger Sub"), an indirect, wholly owned subsidiary of MSA Safety Incorporated ("MSA"), with and into the Issuer (the "Merger"), pursuant to that certain Agreement and Plan of Merger dated March 28, 2019, among the Issuer, MSA and Merger Sub as a result of which Issuer became an indirect wholly owned subsidiary of MSA, in exchange for a cash payment of $3.25 per share.
- [F2]Each award of shares granted under SMC's 2006 Equity Incentive Plan or SMC's 2016 Equity Incentive Plan that is subject to time-based, performance or other vesting conditions that is outstanding immediately before the effective time of the Merger (each, a "Restricted Stock Award") will be assumed by MSA and converted into an award of shares of MSA common stock subject to the same terms and conditions as applied to the Restricted Stock Award immediately before the effective time of the Merger, including the vesting schedule and conditions and any accelerated vesting provisions.