SEC Form 4 · accession 0001062993-15-004029
SUTRON CORP · STRN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leland R. Phipps
Director
Period of report
Jul 27, 2015
Accepted (ET)
Jul 28, 2015 · 5:32 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000728331
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jul 27, 2015 | U | 6,000 | $8.50 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock OptionF1 | $6.00 | Jul 27, 2015 | H | 1,000 | D | — | Mar 6, 2018 | Common Stock | 1,000 | 0 | D |
| Non-Qualified Stock OptionF1 | $7.50 | Jul 27, 2015 | H | 5,000 | D | — | May 14, 2018 | Common Stock | 5,000 | 0 | D |
| Non-Qualified Stock OptionF1 | $4.82 | Jul 27, 2015 | H | 5,000 | D | — | May 13, 2019 | Common Stock | 5,000 | 0 | D |
| Non-Qualified Stock OptionF1 | $6.47 | Jul 27, 2015 | H | 5,000 | D | — | May 19, 2020 | Common Stock | 5,000 | 0 | D |
| Non-Qualified Stock OptionF1 | $7.12 | Jul 27, 2015 | H | 5,000 | D | — | May 11, 2021 | Common Stock | 5,000 | 0 | D |
| Restricted Stock UnitsF2,F3 | — | Jul 27, 2015 | H | 3,000 | D | — | — | Common Stock | 3,000 | 0 | D |
Explanation of responses
- F1Pursuant to the Agreement and Plan of Merger, dated June 21, 2015, by and among Danaher Corporation, Satellite Acquisition Corp., and Sutron Corporation (the "Merger Agreement"), this option was vested in full and cancelled in the merger in exchange for a cash amount equal to the number of shares underlying this option multiplied by the difference between the per share merger consideration of $8.50 and the per share exercise price of this option
- F21 unit for 1 share
- F3Pursuant to the Merger Agreement, the restricted stock units were converted into a dollar amount equal to the product of the number of restricted stock units and the merger consideration of $8.50 per share