UNILENS VISION INC 4
4 · UNILENS VISION INC · Filed Sep 17, 2015
Insider Transaction Report
Form 4
Barker Leonard F.
See Remarks
Transactions
- Disposition to Issuer
Common Stock
2015-09-02$12.75/sh−3,000$38,250→ 0 total - Disposition to Issuer
Option to Buy Common Stock
2015-09-02−20,000→ 0 totalExercise: $7.92Exp: 2020-03-01→ CommonStock (20,000 underlying)
Footnotes (3)
- [F1]Pursuant to the terms of the Agreement and Plan of Merger, on July 10, 2015, by and among Valeant Pharmaceuticals International, a Delaware corporation ("Parent"), OneEye Merger Sub, Inc., a Delaware corporation and a wholly owned Subsidiary of Parent ("Merger Sub"), and Unilens Vision Inc., a Delaware corporation (the "Issuer"), each share of the Issuer's stock issued and outstanding immediately prior to the Effective Time (as defined in the Agreement and Plan of Merger) was converted into the right to receive $12.75 per share in cash, subject to any applicable withholding taxes.
- [F2]Options are 100% vested.
- [F3]Pursuant to the terms of the Agreement and Plan of Merger, immediately prior to the Effective Time (as defined in the Agreement and Plan of Merger), each unexpired and unexercised option to purchase the Issuer's common stock, all of which were exercisable and vested, was cancelled and, in exchange therefor, each option holder became entitled to receive a cash payment equal to the product of (i) the total number of shares previously subject to such option and (ii) the excess of the merger consideration ($12.75 per share) over the exercise price of the option.