AVENI JOSEPH T 4
4 · OURPETS CO · Filed Mar 19, 2019
Insider Transaction Report
Form 4
OURPETS COOPCO
AVENI JOSEPH T
Director
Transactions
- Disposition to Issuer
Common Stock
2019-03-14$1.00/sh−192,000$192,000→ 0 total(indirect: By Trust) - Disposition to Issuer
Common Stock
2019-03-14$1.00/sh−476,654$476,654→ 0 total
Holdings
- 7,000
Option
Exercise: $0.70From: 2015-05-27Exp: 2020-05-27→ Common (7,000 underlying) - 7,000
Option
Exercise: $1.59From: 2017-06-05Exp: 2022-06-05→ Common (7,000 underlying) - 7,000
Option
Exercise: $1.09From: 2014-06-02Exp: 2019-06-02→ Common (7,000 underlying) - 7,000
Option
Exercise: $0.95From: 2016-06-01Exp: 2021-06-01→ Common (7,000 underlying) - 12,000
Option
Exercise: $0.79From: 2018-06-06Exp: 2023-06-06→ Common (12,000 underlying)
Footnotes (2)
- [F1]Options vest immediately as of grant date.
- [F2]Pursuant to an Agreement and Plan of Merger dated as of December 18, 2018 (the "Merger Agreement"), by and among OurPet's Company ("Issuer"), Paws Merger Parent, LLC ("Parent") and Paws Merger Sub, Inc. ("Merger Sub"), Merger Sub merged with and into the Issuer and the Issuer continued as the surviving corporation and a wholly-owned subsidiary of Parent, effective March 14, 2019 (the "Merger"). Pursuant to the terms of the Merger Agreement, at the effective time of the Merger, each outstanding share of the Issuer's common stock (other than certain excluded shares) was cancelled and automatically converted into the right to receive $1.00 in cash, without interest. Option holders received on a per share basis, the difference between the $1.00 merger consideration and the strike price.