4//SEC Filing
TANNURA FRANK V 4
Accession 0000950172-06-000257
CIK 0001171159other
Filed
Jun 12, 8:00 PM ET
Accepted
Jun 13, 6:42 PM ET
Size
17.0 KB
Accession
0000950172-06-000257
Insider Transaction Report
Form 4
TANNURA FRANK V
DirectorChairman and CEO
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2006-06-09$10.10/sh−16,667$168,337→ 0 totalExercise: $3.90From: 2005-07-01Exp: 2012-07-01→ Common Stock (16,667 underlying) - Disposition to Issuer
Common Stock
2006-06-09$14.00/sh−228,432$3,198,048→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2006-06-09$10.10/sh−55,094$556,449→ 0 totalExercise: $3.90From: 2005-07-01Exp: 2012-07-01→ Common Stock (55,094 underlying) - Gift
Common Stock
2006-06-08−17,500→ 228,432 total - Disposition to Issuer
Stock Option (right to buy)
2006-06-09$3.80/sh−60,000$228,000→ 0 totalExercise: $10.20From: 2006-12-22Exp: 2012-12-22→ Common Stock (60,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2006-06-09$3.50/sh−30,000$105,000→ 0 totalExercise: $10.50From: 2004-12-31Exp: 2010-12-31→ Common Stock (30,000 underlying)
Footnotes (5)
- [F1]Shares disposed of pursuant to an Agreement and Plan of Merger, dated as of February 24, 2006, by and among Thilmany, LLC, KTHP Acquisition, Inc. and Packaging Dynamics Corporation ("PKDY") (the "Merger Agreement"), by which each share of PKDY Common Stock issued and outstanding immediately prior to the effectiveness of the merger on June 9, 2006 was converted into the right to receive $14.00 in cash, without interest and less any applicable withholding tax.
- [F2]These options were disposed of pursuant to the Merger Agreement and cancelled in exchange for a cash payment of $14.00 per underlying share of PKDY Common Stock less the exercise price of such options.
- [F3]These options were fully vested and exercisable as of the effective time of the merger contemplated by the Merger Agreement, and were cancelled in exchange for a cash payment of $14.00 per underlying share of PKDY Common Stock less the exercise price of such options.
- [F4]These options, which provided for vesting in three equal annual installments from the date of grant, December 31, 2003, were cancelled in exchange for a cash payment of $14.00 per underlying share of PKDY Common Stock less the exercise price of such options.
- [F5]These options, which provided for vesting in three equal annual installments from the date of grant, December 22, 2005, were cancelled in exchange for a cash payment of $14.00 per underlying share of PKDY Common Stock less the exercise price of such options.
Documents
Issuer
PACKAGING DYNAMICS CORP
CIK 0001171159
Entity typeother
Related Parties
1- filerCIK 0001047075
Filing Metadata
- Form type
- 4
- Filed
- Jun 12, 8:00 PM ET
- Accepted
- Jun 13, 6:42 PM ET
- Size
- 17.0 KB