Tumi Holdings, Inc. 4
4 · Tumi Holdings, Inc. · Filed Aug 3, 2016
Insider Transaction Report
Form 4
SMITH ALEX
Director
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2016-08-01−4,677→ 0 totalExercise: $23.48Exp: 2023-12-09→ Common Stock, par value $0.01 per share (4,677 underlying) - Disposition to Issuer
Common Stock, $0.01 par value per share
2016-08-01$26.75/sh−6,084$162,747→ 0 total
Footnotes (3)
- [F1]Disposed of pursuant to and upon the effectiveness of the merger of PTL Acquisition Inc. ("Merger Sub"), a wholly owned subsidiary of Samsonite International S.A. ("Samsonite"), with and into the Issuer on August 1, 2016 pursuant to a merger agreement dated March 3, 2016 by and among Samsonite, Merger Sub and the Issuer.
- [F2]The stock option vests in three equal installments on each of the first three anniversaries of December 9, 2013, subject to the terms and conditions of the Tumi Holdings, Inc. 2012 Long-Term Incentive Plan.
- [F3]Upon the effectiveness of the merger, pursuant to the terms of the merger agreement, the option was cancelled in exchange for a cash payment of $15,293.79 (representing a price per share equal to the difference between the merger consideration, $26.75 per share, and the exercise price of the option).