Kumar Sujatha 4
4 · PERCEPTRON INC/MI · Filed Dec 21, 2020
Insider Transaction Report
Form 4
Kumar Sujatha
Director
Transactions
- Disposition to Issuer
Common Stock
2020-12-21$7.00/sh−1,966$13,762→ 0 total - Disposition to Issuer
Director Stock Options (Right to Buy)
2020-12-21−8,000→ 0 totalExercise: $4.64Exp: 2029-10-01→ Common Stock (8,000 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement") between the Issuer, Atlas Copco North America LLC and Odyssey Acquisition Corp. for $7.00 per share in cash on the effective date of the merger.
- [F2]This option, which provided for vesting in three equal annual installments beginning October 1, 2020, was cancelled pursuant to the Merger Agreement and converted into the right to receive an amount in cash equal to (i) the difference between the $7.00 per share merger consideration and the exercise price of such stock option multiplied by (ii) the number of shares subject to such stock option.