SEC Form 4 · accession 0000899243-17-000375
AMERICAN CAPITAL, LTD · ACAS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alvin N Puryear
Director
Period of report
Jan 3, 2017
Accepted (ET)
Jan 4, 2017 · 8:22 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000817473
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionsF1 | $6.15 | Jan 3, 2017 | D | 93,750 | D | Jun 11, 2010 | Jun 11, 2019 | Common Stock | 93,750 | 0 | D |
| OptionsF1 | $8.69 | Jan 3, 2017 | D | 156,250 | D | Sep 15, 2011 | Sep 15, 2020 | Common Stock | 156,250 | 0 | D |
Explanation of responses
- F1Pursuant to the Agreement and Plan of Merger, dated as of May 23, 2016, by and among American Capital, Ltd. (the "Company"), Ares Capital Corporation ("Parent"), Orion Acquisition Sub, Inc., a direct wholly owned subsidiary of Parent ("Acquisition Sub"), and the other parties thereto, upon the effective time of the merger of Acquisition Sub with and into the Company, each outstanding option was cancelled and automatically converted into the right to receive the $10.13 in cash and 0.483 of a share of Parent common stock (the "Merger Consideration"), less the exercise price and any required withholdings applicable to such stock option (which exercise price and withholdings were first deducted from the cash portion of the Merger Consideration to reduce the cash delivered to the Reporting Person, and thereafter reduced the number of shares of Parent's common stock delivered to the Reporting Person).