CLARCOR INC. 4/A
4/A · CLARCOR INC. · Filed Mar 6, 2017
Insider Transaction Report
Form 4/AAmended
CLARCOR INC.CLC
Emkes Mark A
Director
Transactions
- Disposition to Issuer
Common Stock Par Value $1.00
2017-02-28$83.00/sh−10,825$898,475→ 0 total - Disposition to Issuer
Common Stock Par Value $1.00
2017-02-28−7,500→ 0 totalExercise: $44.07Exp: 2021-03-21→ Common Stock Par Value $1.00 (7,500 underlying) - Disposition to Issuer
Common Stock Par Value $1.00
2017-02-28−7,500→ 0 totalExercise: $49.35Exp: 2022-03-26→ Common Stock Par Value $1.00 (7,500 underlying)
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of December 1, 2016 (the "Merger Agreement"), by and among CLARCOR Inc. (the "Company"), Parker-Hannifin Corporation ("Parker") and Parker Eagle Corporation, a wholly owned subsidiary of Parker ("Merger Sub"), at the effective time of the merger, these shares of Company common stock were converted into the right to receive a cash payment (without interest and subject to applicable withholding taxes) equal to the per share merger consideration of $83.00.
- [F2]Pursuant to the Merger Agreement, at the effective time of the merger, this stock option was cancelled in exchange for the right to receive a cash payment (without interest and subject to applicable withholding taxes) equal to the product of (i) the total number of shares of Company common stock subject to such stock option and (ii) the excess of the per share merger consideration of $83.00 over the exercise price per share of the stock option.