4//SEC Filing
TANNER JOE D 4
Accession 0001548187-21-000081
CIK 0001548187other
Filed
Dec 16, 7:00 PM ET
Accepted
Dec 17, 5:10 PM ET
Size
15.6 KB
Accession
0001548187-21-000081
Insider Transaction Report
Form 4
Soliton, Inc.SOLY
TANNER JOE D
Chief Operating Officer
Transactions
- Disposition to Issuer
Common Stock
2021-12-16$22.60/sh−80,000$1,808,000→ 0 total - Disposition to Issuer
Stock option (right to buy)
2021-12-16−41,700→ 0 totalExercise: $11.71Exp: 2030-02-04→ Common Stock (41,700 underlying) - Disposition to Issuer
Stock option (right to buy)
2021-12-16−54,350→ 0 totalExercise: $9.74Exp: 2031-01-21→ Common Stock (54,350 underlying) - Disposition to Issuer
Stock option (right to buy)
2021-12-16−160,000→ 0 totalExercise: $1.75Exp: 2028-06-07→ Common Stock (160,000 underlying) - Disposition to Issuer
Stock option (right to buy)
2021-12-16−80,750→ 0 totalExercise: $1.75Exp: 2029-02-04→ Common Stock (80,750 underlying) - Disposition to Issuer
Stock option (right to buy)
2021-12-16−16,400→ 0 totalExercise: $14.62Exp: 2029-06-27→ Common Stock (16,400 underlying)
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of May 8, 2021 (the "Merger Agreement"), by and among Soliton, Inc. (the "Company"), AbbVie Inc. ("AbbVie") and Scout Merger Sub, Inc., a wholly owned subsidiary of AbbVie ("Merger Sub"), at the effective time of the merger of Merger Sub with and into the Company (the "Merger"), these shares of Company common stock were converted into the right to receive $22.60 in cash (the "Merger Consideration"), without interest.
- [F2]Pursuant to the Merger Agreement, immediately prior to the effective time of the Merger, each outstanding and unexercised option, whether vested or unvested, was converted into the right to receive a cash payment, without interest and subject to deduction for any required withholding under applicable law, in an amount equal to the Merger Consideration minus the exercise price that would be due in cash upon exercise of such option.
Documents
Issuer
Soliton, Inc.
CIK 0001548187
Entity typeother
Related Parties
1- filerCIK 0001257546
Filing Metadata
- Form type
- 4
- Filed
- Dec 16, 7:00 PM ET
- Accepted
- Dec 17, 5:10 PM ET
- Size
- 15.6 KB