SEC Form 4 · accession 0001736749-19-000017
SPARTON CORP · SPA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James M Lackemacher
Officer — Grp VP - Engineered Products
Period of report
Mar 4, 2019
Accepted (ET)
Mar 4, 2019 · 6:22 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000092679
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 4, 2019 | D | 37,419 | $18.50 | D | 0 | D | |
| Common StockF1,F2 | Mar 4, 2019 | D | 2,872 | $18.50 | D | 0 | I | By 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3 | — | Mar 4, 2019 | D | 8,957 | D | — | — | Common Stock | 8,957 | 0 | D |
Explanation of responses
- F1Disposed of pursuant to Agreement and Plan of Merger dated as of December 11, 2018, by and among Sparton Corporation, Sparton Parent, Inc. and Striker Merger Sub 2018, Inc. (the "Merger Agreement") in exchange for $18.50 per share in cash, without interest (the "Merger Consideration").
- F2Between December 31, 2017 and March 31, 2018, the reporting person disposed of 5 shares in a non-discretionary sale resulting from Sparton Corporation 401(k) Plan non-discrimination testing.
- F3Pursuant to the Merger Agreement, each outstanding Restricted Stock Unit vested, was canceled, and converted automatically into the right to receive the Merger Consideration in respect of each share of Common Stock underlying such Restricted Stock Unit.