WTC INDUSTRIES INC 4
4 · WTC INDUSTRIES INC · Filed Aug 4, 2004
Insider Transaction Report
Form 4
WTC INDUSTRIES INCWTCO.OB
KLAS ROBERT C SR
DirectorCEO10% Owner
Transactions
- Disposition to Issuer
Common Stock
2004-08-02$39.87/sh−22,500$897,075→ 0 total(indirect: By Tapemark Company Cash or Defined Profit Sharing Plan) - Disposition to Issuer
Warrant
2004-08-02$20.00/sh−240,000$4,800,000→ 0 totalExercise: $20.00From: 1996-03-22Exp: 2006-05-22→ Common Stock (240,000 underlying) - Disposition to Issuer
Common Stock
2004-08-02$39.87/sh−592,787$23,634,418→ 0 total - Gift
Common Stock
2004-07-23−235,633→ 592,787 total - Disposition to Issuer
Common Stock
2004-08-02$39.87/sh−57,867$2,307,157→ 0 total(indirect: By Tapemark Company) - Exercise of In-Money
Common Stock
2004-07-28$2.25/sh−41,200$92,700→ 828,420 total - Disposition to Issuer
Warrant
2004-08-02$2.50/sh−75,000$187,500→ 0 totalExercise: $2.50From: 2000-12-28Exp: 2004-12-27→ Common Stock (75,000 underlying) - Exercise of In-Money
Call Option (obligation to sell)
2004-07-28−2→ 0 totalExercise: $2.25From: 2000-01-03Exp: 2007-01-02→ Common Stock (41,200 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to an Agreement and Plan of Merger by and between WTC Industries and CUNO Incorporated whereby each WTC shareholder received $39.87 for each outstanding share of common stock held on August 2, 2004.
- [F2]This warrant was cancelled, pursuant to an Agreement and Plan of Merger by and between WTC Industries, Inc. and CUNO Incorporated, in exchange for a cash payment per share of the difference between the exercise price and $39.87.