4//SEC Filing
Van Valkenburg Richard 4
Accession 0001562180-20-007387
CIK 0000887226other
Filed
Dec 20, 7:00 PM ET
Accepted
Dec 21, 12:22 PM ET
Size
17.9 KB
Accession
0001562180-20-007387
Insider Transaction Report
Form 4
Van Valkenburg Richard
V.P Global Sales & Marketing
Transactions
- Disposition to Issuer
Common Stock
2020-12-21$7.00/sh−6,557$45,899→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2020-12-21−20,000→ 0 totalExercise: $6.72Exp: 2027-01-03→ Common Stock (20,000 underlying) - Disposition to Issuer
Common Stock
2020-12-21$7.00/sh−19,007$133,049→ 19,007 total - Award
Common Stock
2020-12-21+6,557→ 6,557 total - Disposition to Issuer
Employee Stock Option (right to buy)
2020-12-21−375→ 0 totalExercise: $5.70Exp: 2022-09-04→ Common Stock (375 underlying) - Disposition to Issuer
Common Stock
2020-12-21$7.00/sh−25,000$175,000→ 0 total(indirect: By Spouse) - Disposition to Issuer
Employee Stock Option (right to buy)
2020-12-21−1,000→ 0 totalExercise: $10.55Exp: 2023-09-03→ Common Stock (1,000 underlying)
Footnotes (7)
- [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]Includes 1,156 shares acquired under the Company's Employee Stock Purchase Plan since the reporting person's last report was filed.
- [F3]Performance share unit awards that were granted in 2018 and 2019. Pursuant to the Merger Agreement, the performance share unit awards were accelerated and deemed earned at target for each performance period.
- [F4]The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F5]This option, which provided for vesting in four equal annual installments beginning September 3, 2014, was cancelled pursuant to the Merger Agreement without payment of any consideration because the exercise price was greater than the $7.00 per share merger consideration.
- [F6]This option, which provided for vesting in three equal annual installments beginning January 3, 2018, 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.
- [F7]This option, which provided for vesting in four equal annual installments beginning September 4, 2013, 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.
Documents
Issuer
PERCEPTRON INC/MI
CIK 0000887226
Entity typeother
Related Parties
1- filerCIK 0001715675
Filing Metadata
- Form type
- 4
- Filed
- Dec 20, 7:00 PM ET
- Accepted
- Dec 21, 12:22 PM ET
- Size
- 17.9 KB