Advanced Emissions Solutions, Inc. 4
4 · Advanced Emissions Solutions, Inc. · Filed Nov 19, 2013
Insider Transaction Report
Form 4
Transactions
- Award
Common Stock
2013-11-18$13.80/sh+13,000$179,400→ 34,310 total - Disposition to Issuer
Common Stock
2013-11-18$47.02/sh−45$2,116→ 21,310 total - Disposition to Issuer
Common Stock
2013-11-18$47.08/sh−12,955$609,945→ 21,355 total
Footnotes (5)
- [F1]Represents the amount of stock options exercised.
- [F2]Represents exercise price.
- [F3]Of the amount shown, 5,810 shares are held in the qualified pension plan account of the reporting person and 1,500 sares were issued pursuant to programs under the 2007 Plan, are not fully vested and are subject to certain repurchase rights.
- [F4]Represents the number of shares sold upon exercising of stock options.
- [F5]On July 1, 2013, Advanced Emissions Solutions, Inc., a Delaware corporation ("Issuer"), became the successor of ADA-ES, Inc., a Colorado corporation ("ADA"), pursuant to a reorganization whereby a wholly owned subsidiary of Issuer was merged with and into ADA, with ADA continuing as the surviving entity and becoming a wholly owned subsidiary of Issuer. In the merger, each outstanding share of ADA common stock, no par value, immediately prior to the merger was automatically converted into one share of common stock, par value $0.001 per share, of Issuer ("Issuer Common Stock"). All stock-based benefit plans of ADA were assumed by Issuer and, going forward, Issuer Common Stock will be issued upon the vesting of any stock-based awards or the exercise of options to reflect the substitution of the Issuer's Common Stock for ADA's common stock. The reorganization did not alter the proportionate interests of security holders.