Lackemacher James M 4
4 · SPARTON CORP · Filed Mar 4, 2019
Insider Transaction Report
Form 4
SPARTON CORPSPA
Lackemacher James M
Group VP, Government Systems
Transactions
- Disposition to Issuer
Common Stock
2019-03-04$18.50/sh−37,419$692,252→ 0 total - Disposition to Issuer
Common Stock
2019-03-04$18.50/sh−2,872$53,132→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Restricted Stock Units
2019-03-04−8,957→ 0 total→ Common Stock (8,957 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to Agreement and Plan of Merger dated as of December 11, 2018, by and among Sparton Corporation, Sparton Parent, Inc. and Striker Merger Sub 2018, Inc. (the "Merger Agreement") in exchange for $18.50 per share in cash, without interest (the "Merger Consideration").
- [F2]Between December 31, 2017 and March 31, 2018, the reporting person disposed of 5 shares in a non-discretionary sale resulting from Sparton Corporation 401(k) Plan non-discrimination testing.
- [F3]Pursuant to the Merger Agreement, each outstanding Restricted Stock Unit vested, was canceled, and converted automatically into the right to receive the Merger Consideration in respect of each share of Common Stock underlying such Restricted Stock Unit.