INTERNATIONAL MULTIFOODS CORP 4
4 · INTERNATIONAL MULTIFOODS CORP · Filed Jun 18, 2004
Insider Transaction Report
Form 4
JENNESS JAMES M
Director
Transactions
- Disposition to Issuer
Common Stock
2004-06-18−2,902→ 0 total - Disposition to Issuer
Stock Option
2004-06-18−2,500→ 0 totalExercise: $26.77Exp: 2012-06-30→ Common Stock (2,500 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to the agreement and plan of merger between International Multifoods Corporation ("Multifoods") and The J.M. Smucker Company ("Smucker") in exchange for $5.00 per share in cash and 0.4103 shares of Smucker common stock for each share of Multifoods common stock, which Smucker common stock had a market value of $46.50 per share as of the effective date of the merger.
- [F2]As a result of the merger, this option vested in full to the extent not previously vested on the effective date of the merger, was assumed by Smucker and was replaced with an option to purchase 0.5129 shares of Smucker common stock for each option share of Multifoods common stock. The exercise price per share of the Smucker option is equal to the exercise price per share of the Multifoods option divided by 0.5129.