SEC Form 4 · accession 0001179110-16-022166

RealD Inc. · RLD

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Executive Officer · Director · 10% Owner

Period of report

Mar 22, 2016

Accepted (ET)

Mar 24, 2016 · 4:54 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001327471

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1,F2	Mar 22, 2016	D	5,288,336	$11.00	D	0	I	MVL Trust dated August 3, 2010
Common Stock^F1	Mar 22, 2016	D	49,983	$11.00	D	0	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Performance Stock Units^F3	—	Mar 22, 2016	D	172,700	D	—	—	Common Stock	172,700	D
Performance Stock Units^F3	—	Mar 22, 2016	D	158,300	D	—	—	Common Stock	158,300	D
Stock Option (Right to Buy)^F4	$16.00	Mar 22, 2016	D	712,500	D	—	Jul 15, 2020	Common Stock	712,500	D
Stock Option (Right to Buy)^F4	$16.00	Mar 22, 2016	D	165,000	D	—	Jul 15, 2020	Common Stock	165,000	D
Stock Option (Right to Buy)^F4	$22.92	Mar 22, 2016	D	300,000	D	—	Jul 1, 2021	Common Stock	300,000	D

F1On November 8, 2015 RealD Inc. (the "Company") entered into an Agreement and Plan of Merger (the "Merger Agreement") with Rhombus Cinema Holdings, LLC, a Delaware limited liability company ("Purchaser") and Rhombus Merger Sub, Inc., a Delaware corporation and an indirect wholly owned subsidiary of Purchaser ("Merger Sub"), pursuant to which Merger Sub merged (the "Merger") with and into the Company, with the Company surviving the Merger and becoming a wholly owned subsidiary of Purchaser as a result of the Merger that became effective on March 22, 2016. Pursuant to the Merger Agreement, each share of Company common stock held by the reporting person immediately prior to the effective time of the Merger (the "Effective Time") was exchanged for common equity securities of the Purchaser.
F2Michael V. Lewis, is Trustee of the MVL Trust dated August 3, 2010.
F3Represents previously unearned performance stock units. Pursuant to the Merger Agreement, as of the Effective Time, each performance stock unit, whether vested or unvested, was cancelled in exchange for the right to receive an amount in cash equal to the product of (i) the number of shares of the Company's common stock issuable upon conversion of such performance stock unit paid out at 100% of target multiplied by (ii) $11.00, less any applicable tax withholding.
F4Pursuant to the Merger Agreement, the underlying stock options that were not in-the-money were cancelled.