SEC Form 4 · accession 0001209191-15-049245
VIASYSTEMS GROUP INC · VIAS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David M Sindelar
Officer — Chief Executive Officer · Director
Period of report
May 31, 2015
Accepted (ET)
Jun 2, 2015 · 9:46 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 | 119,868 | — | D | 0 | D | |
| Common StockF1 | May 31, 2015 | D | 24,600 | — | D | 0 | I | By Self as Trustee for James G. and Lauren L Sindelar Trusts |
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 | 277,329 | D | — | — | Common Stock | 277,329 | 0 | D |
| Employee Stock Option (Right to Buy)F3 | — | May 31, 2015 | D | 466,799 | D | — | — | Common Stock | 466,799 | 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 (49,765 performance shares), February 5, 2013 (147,495 performance shares), February 4, 2014 (83,150 performance shares), and February 3, 2015 (24,883 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 (277,329 shares) were cancelled in connection with the Merger in exchange for 195,794 shares of common stock of TTM and a cash payment of $3,142,140.22, minus 80,981 shares and $1,329,535.11 withheld for tax purposes.
- F3Options were granted on May 11, 2010 (239,945 shares at $21.88 per share), February 8, 2011 (131,153 shares at $20.38 per share) and February 7, 2012 (95,701 shares at $18.42 per share). The options have a term of seven years from their date of grant. All options are fully vested. Such options were cancelled in the Merger, as the exercise price for such options exceeded the Merger Consideration.