Virgin America Inc. 4
4 · Virgin America Inc. · Filed Dec 14, 2016
Insider Transaction Report
Form 4
MacLeod John A.
Senior VP, Planning & Sales
Transactions
- Disposition to Issuer
Common Stock
2016-12-14$57.00/sh−44,757$2,551,149→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2016-12-14−7,948→ 0 totalExercise: $18.80Exp: 2022-08-12→ Common Stock (7,948 underlying) - Disposition to Issuer
Stock Option (right to buy)
2016-12-14−19,208→ 0 totalExercise: $18.80Exp: 2022-08-12→ Common Stock (19,208 underlying)
Footnotes (3)
- [F1]Includes 3,311 restricted stock units ("RSUs"), 7,761 shares of service-based restricted stock and 11,070 shares of performance-based restricted stock, which resulted from an initial award of 5,535 shares.
- [F2]Pursuant to the Agreement and Plan of Merger, dated April 1, 2016, by and among Virgin America Inc., Alaska Air Group, Inc. and Alpine Acquisition Corp. (the "Merger Agreement"), (i) each issued and outstanding RSU was automatically vested and converted into the right to receive $57.00 in cash, without interest, (ii) each issued and outstanding share of common stock was automatically cancelled and converted into the right to receive $57.00 in cash, without interest, (iii) each issued and outstanding share of service-based restricted stock was automatically vested and converted into the right to receive $57.00 in cash, without interest, and (iv) each issued and outstanding share of performance-based restricted stock was automatically vested (treating the performance-based condition to which such award was subject as having been attained at a level of 200%) and converted into the right to receive $57.00 in cash, without interest.
- [F3]Pursuant to the Merger Agreement, this option, whether or not then vested, was cancelled in exchange for a cash payment for each share subject to the option equal to the excess of $57.00 over the per share exercise price of the option.