4//SEC Filing
HORIZON GROUP INC 4
Accession 0000936924-98-000033
CIK 0000911645operating
Filed
Jul 9, 8:00 PM ET
Accepted
—
Size
7.9 KB
Accession
0000936924-98-000033
Insider Transaction Report
Form 4
No transactions or holdings reported in this filing.
Footnotes (5)
- [1]On June 15, 1998, Horizon Group, Inc. merged into Sky Merger Corp., a wholly-owned subsidiary and immediately thereafter, Prime Retail, Inc., merged into Sky Merger Corp. (the "Merger"). The surviving corporation in the Merger changed its name to Prime Retail, Inc. and is trading under the symbol PRT.
- [2]Converted into common shares of Prime Retail, Inc. and Series B Preferred Stock of Prime Retail, Inc. at the exchange ratio of 0.597 of a share of Prime Retail, Inc. common stock and 0.20 of a share of Prime Retail, Inc. Series B Preferred Stock per share of Horizon common stock in the Merger.
- [3]35,000 shares of common stock were issued to Mr. Wassel at the effective time of the Merger pursuant to the terms of his employment agreement.
- [4]This option was assumed by Prime Retail, Inc. and is now exercisable for 0.9193 shares of Prime Retail, Inc. common stock for each share of Horizon Group, Inc. common stock on the same terms except the option continues to be exercisale regardless of death, disability or termination of optionee.
- [5]200,000 shares vested April 24, 1997, the remaining 200,000 vested on June 15, 1998, upon the consummation of the Merger. /s/ James S. Wassel _____________________________ **
Documents
Issuer
HORIZON GROUP INC
CIK 0000911645
Entity typeoperating
IncorporatedMI
Related Parties
1- filerCIK 0000911645
Filing Metadata
- Form type
- 4
- Filed
- Jul 9, 8:00 PM ET
- Size
- 7.9 KB