4//SEC Filing
Cabrere Eleanor P 4
Accession 0000808450-21-000050
CIK 0000808450other
Filed
Jul 1, 8:00 PM ET
Accepted
Jul 2, 10:28 AM ET
Size
8.4 KB
Accession
0000808450-21-000050
Insider Transaction Report
Form 4
Cabrere Eleanor P
Corporate Secretary
Transactions
- Disposition to Issuer
Common Stock
2021-07-01$44.50/sh−2,706$120,417→ 0 total - Disposition to Issuer
Restricted Stock Units
2021-07-01$44.50/sh−356$15,842→ 0 total→ Common Stock (356 underlying)
Footnotes (3)
- [F1]Pursuant to that certain Agreement and Plan of Merger, dated as of November 7, 2020 (the "Merger Agreement"), by and among Navistar International Corporation, a Delaware Corporation (the "Issuer"), TRATON SE, a Societas Europaea ("TRATON") and Dusk Inc., a Delaware Corporation and a wholly owned indirect subsidiary of TRATON ("Merger Sub"), Merger Sub was merged with and into the Issuer (the "Merger") with the Issuer continuing as the surviving corporation and an indirect subsidiary of TRATON (the "Surviving Corporation"). As a result of the Merger, each share of Issuer Common Stock was automatically converted into the right to receive an amount in cash equal to $44.50 (the "Merger Consideration").
- [F2]Each restricted stock unit (RSU) represented the right to receive the cash equivalent of Navistar's common stock converted on a 1 to 1 basis.
- [F3]Pursuant to the Merger Agreement, each RSU was canceled and converted into the right to receive an amount in cash equal to the product obtained by multiplying (a) $44.50, by (b) the total number of shares of Issuer Common Stock underlying such award. These RSUs were from a grant of 1,068 shares granted on February 13, 2019, that have been paid in cash as to 356 shares on February 13, 2020; and as to 356 shares on February 13, 2021; the remaining 356 shares, which were settled pursuant to the Merger, were scheduled to vest and pay out on February 13, 2022.
Documents
Issuer
NAVISTAR INTERNATIONAL CORP
CIK 0000808450
Entity typeother
Related Parties
1- filerCIK 0001850111
Filing Metadata
- Form type
- 4
- Filed
- Jul 1, 8:00 PM ET
- Accepted
- Jul 2, 10:28 AM ET
- Size
- 8.4 KB