SEC Form 4 · accession 0001209191-15-049242
VIASYSTEMS GROUP INC · VIAS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel J Weber
Officer — VP, General Counsel & Sec.
Period of report
May 31, 2015
Accepted (ET)
Jun 2, 2015 · 9:43 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001101169
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 31, 2015 | D | 1,768 | — | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF2 | — | May 31, 2015 | D | 19,185 | D | — | — | Common Stock | 19,185 | 0 | D |
| Employee Stock Option (Right to Buy)F2,F3,F4 | — | May 31, 2015 | D | 45,186 | D | — | — | Common Stock | 45,186 | 0 | D |
Explanation of responses
- F1The shares were cancelled in connection with the merger of Vector Acquisition Corp., a wholly owned subsidiary of TTM Technologies, Inc. ("TTM"), into the Issuer (the "Merger"). At the effective time of the Merger, each issued and outstanding share of the Issuer's common stock was cancelled and converted automatically into the right to receive a combination of (a) $11.33 in cash, and (b) 0.706 of a share of common stock of TTM (together, the "Merger Consideration").
- F2Performance shares were granted on February 7, 2012 (2,262 performance shares), February 5, 2013 (10,727 performance shares), February 4, 2014 (6,047 performance shares), and February 3, 2015 (1,131 performance shares). Each performance share represented a contingent right to receive a share of the Issuer's common stock upon satisfaction of certain performance criteria or based strictly upon a function of the market price of the Issuer's common stock. The vested portions of the performance shares and the Outstanding Option Award (defined below) (collectively, 29,185 shares) were cancelled in connection with the Merger in exchange for 14,994 shares of common stock of TTM and a cash payment of $240,640.32, minus 4,930 shares and $80,950.07 withheld for tax purposes.
- F3Options were granted on January 13, 2003 (2,509 shares at $150.99 per share), February 6, 2007 (836 shares at $150.99 per share), May 11, 2010 (20,000 shares at $21.88 per share), August 17, 2010 (10,000 shares at $14.42 per share), February 8, 2011 (10,000 shares at $20.38 per share), and February 7, 2012 (4,350 shares at $18.42 per share). The options granted on January 13, 2003 and February 6, 2007 have a term of ten years from their date of grant, and the options granted on May 11, 2010, August 17, 2010, February 8, 2011, and February 7, 2012 have a term of seven years from their date of grant. All options are fully vested.
- F4Such options were cancelled in the Merger, as the exercise price for such options exceeded the Merger Consideration, with the exception of the options granted on August 17, 2010 (the "Outstanding Option Award").