McCormack Joseph G. 4
4 · SPARTON CORP · Filed Mar 4, 2019
Insider Transaction Report
Form 4
SPARTON CORPSPA
McCormack Joseph G.
Sr. VP & CFO
Transactions
- Disposition to Issuer
Common Stock
2019-03-04$18.50/sh−2,000$37,000→ 0 total - Disposition to Issuer
Restricted Stock Units
2019-03-04−23,886→ 0 total→ Common Stock (23,886 underlying)
Footnotes (2)
- [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]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.