4//SEC Filing
NORTEK INC 4
Accession 0001638599-16-001340
CIK 0001216596operating
Filed
Aug 30, 8:00 PM ET
Accepted
Aug 31, 3:05 PM ET
Size
17.6 KB
Accession
0001638599-16-001340
Insider Transaction Report
Form 4
NORTEK INCNTK
Reilly Donald W.
VP - Corporate Controller
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2016-08-31$47.01/sh−8,082$379,935→ 0 totalExercise: $38.99Exp: 2026-01-29→ Common (8,082 underlying) - Disposition from Tender
Common
2016-08-31$86.00/sh−7,825$672,950→ 1,111 total - Disposition to Issuer
Stock Option (Right to Buy)
2016-08-31$51.80/sh−1,538$79,668→ 0 totalExercise: $34.20Exp: 2022-03-09→ Common (1,538 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2016-08-31$13.35/sh−3,309$44,175→ 0 totalExercise: $72.65Exp: 2023-03-05→ Common (3,309 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2016-08-31$5.16/sh−3,626$18,710→ 0 totalExercise: $80.84Exp: 2025-02-24→ Common (3,626 underlying) - Disposition to Issuer
Common
2016-08-31−1,111→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2016-08-31$13.52/sh−2,857$38,627→ 0 totalExercise: $72.48Exp: 2024-03-05→ Common (2,857 underlying)
Footnotes (3)
- [F1]Disposed of in a tender offer by Nevada Corp., a Delaware corporation ("Acquisition Sub") to acquire all of the outstanding shares of common stock of Nortek, Inc., a Delaware corporation ("Nortek") for $86.00 per share pursuant to the terms of an Agreement and Plan of Merger (the "Merger Agreement"), dated as of July 6, 2016, by and among Melrose Industries plc, Acquisition Sub and Nortek.
- [F2]Pursuant to the terms of the Merger Agreement, 50% of Performance-Based Restricted Stock was cancelled.
- [F3]Pursuant to the terms of the Merger Agreement, each option that was outstanding and unexercised immediately on the date of the Merger was automatically cancelled and converted into the right to receive a cash payment of $86.00 less the exercise price.
Documents
Issuer
NORTEK INC
CIK 0001216596
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001216596
Filing Metadata
- Form type
- 4
- Filed
- Aug 30, 8:00 PM ET
- Accepted
- Aug 31, 3:05 PM ET
- Size
- 17.6 KB