Tumi Holdings, Inc. 4
4 · Tumi Holdings, Inc. · Filed Aug 3, 2016
Insider Transaction Report
Form 4
Bennett Claire M.
Director
Transactions
- Disposition to Issuer
Common Stock, $0.01 par value per share
2016-08-01$26.75/sh−6,084$162,747→ 0 total - Disposition to Issuer
Stock Options (right to buy)
2016-08-01−4,850→ 0 totalExercise: $23.20Exp: 2023-01-25→ Common Stock, par value $0.01 per share (4,850 underlying) - Disposition to Issuer
Stock Options (right to buy)
2016-08-01−1,170→ 0 totalExercise: $24.13Exp: 2023-05-24→ Common Stock, par value $0.01 per share (1,170 underlying)
Footnotes (5)
- [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 vested in three equal installments on each of the first three anniversaries of January 25, 2013.
- [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 $17,217.50 (representing a price per share equal to the difference between the merger consideration, $26.75 per share, and the exercise price of the option).
- [F4]The stock options vested in three equal installments on each of the first three anniversaries of May 24, 2013.
- [F5]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 $3,065.40 (representing a price per share equal to the difference between the merger consideration, $26.75 per share, and the exercise price of the option).