SEC Form 4 · accession 0001615594-17-000081
MGC DIAGNOSTICS Corp · MGCD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Terrence W. Bunge
Director
Period of report
Dec 28, 2017
Accepted (ET)
Dec 29, 2017 · 2:44 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000815093
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Dec 28, 2017 | U | 99,154 | $11.03 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right-to-Buy)F1 | $7.52 | Dec 28, 2017 | D | 20,000 | D | — | — | Common Stock | 20,000 | 0 | D |
| Stock Option (Right-to-Buy)F2 | $6.77 | Dec 28, 2017 | D | 33,333 | D | — | — | Common Stock | 33,333 | 0 | D |
| Restricted Stock GrantsF3 | $8.91 | Dec 28, 2017 | D | 3,591 | D | — | — | Common Stock | 3,591 | 0 | D |
Explanation of responses
- F1This option, which provided for vesting in three equal installments beginning December 15, 2017 and ending December 15, 2019 was cancelled in connection with the merger agreement between issuer, MGC Parent LLC and AC Breathe Merger Sub Inc. in exchange for a cash payout of $70,200.
- F2This option vested fully on February 2, 2016 and was cancelled in connection with the merger agreement between issuer, MGC Parent LLC and AC Breathe Merger Sub Inc. in exchange for a cash payout of $141,999.
- F3The restricted stock was to vest on the earlier of March 22, 2018 or the date of the company's 2018 Annual Meeting of Shareholders. It was cancelled pursuant to the merger agreement between issuer, MGC Parent LLC and AC Breathe Merger Sub Inc. in exchange for a cash payout of $39,609.