AUSTIN TODD M 4
4 · MGC DIAGNOSTICS Corp · Filed Jan 2, 2018
Insider Transaction Report
Form 4
AUSTIN TODD M
Chief Executive Officer
Transactions
- Disposition to Issuer
Stock Option (Right-to-Buy)
2017-12-28$1.91/sh−10,000$19,100→ 0 totalExercise: $9.12→ Common Stock (10,000 underlying) - Disposition to Issuer
Stock Option (Right-to-Buy)
2017-12-28$4.96/sh−50,000$248,000→ 0 totalExercise: $6.07→ Common Stock (50,000 underlying) - Disposition to Issuer
Employee Stock Purchase Plan Shares
2017-12-28$4.07/sh−394$1,604→ 0 totalExercise: $6.71→ Common Stock (394 underlying) - Disposition to Issuer
Stock Option (Right-to-Buy)
2017-12-28$2.95/sh−10,000$29,500→ 0 totalExercise: $8.08→ Common Stock (10,000 underlying) - Disposition to Issuer
Common Stock
2017-12-28$11.03/sh−20,819$229,634→ 0 total - Disposition to Issuer
Stock Option (Right-to-Buy)
2017-12-28$3.98/sh−40,000$159,200→ 0 totalExercise: $7.05→ Common Stock (40,000 underlying)
Footnotes (7)
- [F1]Of the 20,819 shares, 5,945 shares were rolled over into equity of an affiliate of MGC Parent LLC and 14,874 shares were cashed out in connection with the merger agreement between the company, MGC Parent LLC and AC Breathe Merger Sub Inc.
- [F2]Reporting Person determined that he violated Section 16(b) in the rollover of 484 shares of stock issued effective June 30, 2017 under the MGC Diagnostics Corporation Employee Stock Purchase Plan. Reporting Person has paid the company $2,090.88 representing the entire amount of the Section 16(b) short-swing profit.
- [F3]This option vested fully on June 1, 2017 and was cancelled in connection with the merger agreement between the company, MGC Parent LLC and AC Breathe Merger Sub Inc. in exchange for a cash payout of $19,100.
- [F4]This option, which provided for vesting in three equal installments beginning June 1, 2016 and ending June 1, 2018 was cancelled in connection with the merger agreement between the company, MGC Parent LLC and AC Breathe Merger Sub Inc. in exchange for a cash payout of $248,200.
- [F5]This option, which provided for vesting in three equal installments beginning September 8, 2017 and ending September 8, 2019 was cancelled in connection with the merger agreement between the company, MGC Parent LLC and AC Breathe Merger Sub Inc. in exchange for a cash payout of $159,200.
- [F6]This option, which provided for vesting on August 30, 2018 was cancelled in connection with the merger agreement between the company, MGC Parent LLC and AC Breathe Merger Sub Inc. in exchange for a cash payout of $29,500.
- [F7]The shares that would have been issued under the phase that began July 1, 2017 were cancelled in connection with the merger agreement between the company, MGC Parent LLC and AC Breathe Merger Sub Inc. in exchange for a cash payment of $4,345.82.