4//SEC Filing
Virgin America Inc. 4
Accession 0001614436-16-000138
CIK 0001614436operating
Filed
Dec 13, 7:00 PM ET
Accepted
Dec 14, 9:19 PM ET
Size
8.0 KB
Accession
0001614436-16-000138
Insider Transaction Report
Form 4
Forte Stephen A.
Chief Operating Officer
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2016-12-14−46,234→ 0 totalExercise: $8.45Exp: 2013-05-12→ Common Stock (46,234 underlying) - Disposition to Issuer
Common Stock
2016-12-14$57.00/sh−39,403$2,245,971→ 0 total
Footnotes (3)
- [F1]Includes 6,181 restricted stock units ("RSUs"), 10,746 shares of service-based restricted stock and also includes 15,328 shares of performance-based stock, which resulted from an initial award of 7,664 shares.
- [F2]Pursuant to the Agreement and Plan of Merger, dated April 1, 2016, by and among Virgin America Inc., Alaska Air Group, Inc. and Alpine Acquisition Corp. (the "Merger Agreement"), (i) each issued and outstanding RSU was automatically vested and converted into the right to receive $57.00 in cash, without interest, (ii) each issued and outstanding share of common stock was automatically cancelled and converted into the right to receive $57.00 in cash, without interest, (iii) each issued and outstanding share of service-based restricted stock was automatically vested and converted into the right to receive $57.00 in cash, without interest, and (iv) each issued and outstanding share of performance-based restricted stock was automatically vested (treating the performance-based condition to which such award was subject as having been attained at a level of 200%) and converted into the right to receive $57.00 in cash, without interest.
- [F3]Pursuant to the Merger Agreement, this option, whether or not then vested, was cancelled in exchange for a cash payment for each share subject to the option equal to the excess of $57.00 over the per share exercise price of the option.
Documents
Issuer
Virgin America Inc.
CIK 0001614436
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001614436
Filing Metadata
- Form type
- 4
- Filed
- Dec 13, 7:00 PM ET
- Accepted
- Dec 14, 9:19 PM ET
- Size
- 8.0 KB