4//SEC Filing
DOLE FOOD CO INC 4
Accession 0001209191-13-050890
CIK 0000018169operating
Filed
Nov 4, 7:00 PM ET
Accepted
Nov 5, 8:08 PM ET
Size
16.5 KB
Accession
0001209191-13-050890
Insider Transaction Report
Form 4
DOLE FOOD CO INCDOLE
Carter C. Michael
DirectorEVP, GC & Corp. Sec.
Transactions
- Disposition to Issuer
Common Stock
2013-11-01$13.50/sh−78,238$1,056,213→ 0 total - Disposition to Issuer
Common Stock
2013-11-01$13.50/sh−50,000$675,000→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2013-11-01$2.18/sh−200,000$436,000→ 0 totalExercise: $11.32Exp: 2023-02-21→ Common Stock, par value $0.001 (200,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2013-11-01$1.00/sh−116,667$116,667→ 0 totalExercise: $12.50Exp: 2019-10-22→ Common Stock, par value $0.001 (116,667 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2013-11-01$4.46/sh−100,000$446,000→ 0 totalExercise: $9.04Exp: 2021-11-21→ Common Stock, par value $0.001 (100,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2013-11-01$3.76/sh−100,000$376,000→ 0 totalExercise: $9.74Exp: 2020-11-29→ Common Stock, par value $0.001 (100,000 underlying)
Footnotes (4)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of August 11, 2013, among DFC Holdings, LLC, DFC Merger Corp., David H. Murdock and Dole Food Company, Inc., as amended on August 19, 2013 and on September 19, 2013 (the "Merger Agreement"), at the effective time of the merger of DFC Merger Corp. with and into Dole Food Company, Inc. (the "Merger") each share of Dole Food Company, Inc. common stock converted into the right to receive $13.50 in cash.
- [F2]Represents shares of restricted stock. Pursuant to the Merger Agreement, each restricted stock award outstanding immediately prior to the effective time of the Merger was converted into the right to receive an amount in cash equal to the product of (i) $13.50 and (ii) the number of shares of Dole Food Company, Inc. common stock subject to such award, which amount will be paid within 15 days after the vesting date of the award, which is 2/21/2016 in the case of the shares reported herein. Payment in respect of the shares of restricted stock reported herein is subject to the reporting person's continued employment with Dole Food Company, Inc. through the vesting date.
- [F3]This option, which was fully vested, was cancelled in the Merger in exchange for a cash payment equal to the product of (i) the excess of $13.50 over the exercise price per share of the option and (ii) the total number of shares underlying the option, which amount will be paid within 15 days after the effective time of the Merger.
- [F4]This option, which provided for vesting in equal increments over a three-year period, was cancelled in the Merger in exchange for a cash payment equal to the product of (i) the excess of $13.50 over the exercise price per share of the option and (ii) the total number of shares underlying the option, which amount will be paid within 15 days after the effective time of the Merger.
Documents
Issuer
DOLE FOOD CO INC
CIK 0000018169
Entity typeoperating
IncorporatedNC
Related Parties
1- filerCIK 0000018169
Filing Metadata
- Form type
- 4
- Filed
- Nov 4, 7:00 PM ET
- Accepted
- Nov 5, 8:08 PM ET
- Size
- 16.5 KB