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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Option (Right to Buy) | $ 9.26 | 11/09/2018 | D(2) | 123,456 | (6) | 02/26/2021 | Common Stock | 123,456 | (7) | 0 | D | ||||
Stock Option (Right to Buy) | $ 9.26 | 11/09/2018 | D(2) | 123,456 | (8) | 02/26/2021 | Common Stock | 123,456 | (7) | 0 | D | ||||
Stock Option (Right to Buy) | $ 15 | 11/09/2018 | D(2) | 49,383 | (6) | 05/07/2024 | Common Stock | 49,383 | (7) | 0 | D | ||||
Stock Option (Right to Buy) | $ 23.46 | 11/09/2018 | D(2) | 54,500 | (6) | 07/01/2025 | Common Stock | 54,500 | (7) | 0 | D | ||||
Stock Option (Right to Buy) | $ 14.38 | 11/09/2018 | D(2) | 98,438 | (9) | 06/14/2026 | Common Stock | 98,438 | (7) | 0 | D | ||||
Stock Option (Right to Buy) | $ 22.81 | 11/09/2018 | D(2) | 115,741 | (10) | 06/05/2027 | Common Stock | 115,741 | (7) | 0 | D | ||||
Stock Option (Right to Buy) | $ 23.59 | 11/09/2018 | D(2) | 103,583 | (11) | 06/04/2028 | Common Stock | 103,583 | (7) | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Major Eric D C/O K2M GROUP HOLDINGS, INC. 600 HOPE PARKWAY SE LEESBURG, VA 20175 |
X | President & CEO |
/s/Greg Cole by power of attorney | 11/14/2018 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Reflects the number of shares beneficially owned after taking into account a correction to the number of shares purchased under the issuer's stock purchase plan reflected in the Form 4 filed on July 3, 2018. |
(2) | On November 9, 2018, Stryker Corporation, a Michigan corporation ("Parent"), acquired the Issuer pursuant to that certain Agreement and Plan of Merger entered into by and among the Issuer, Parent and Austin Merger Sub Corp., a Delaware corporation and wholly-owned subsidiary of Parent ("Merger Sub"), dated as of August 29, 2018 (the "Merger Agreement"). In accordance with the Merger Agreement, Merger Sub merged with and into the Issuer, with the Issuer surviving such merger as a wholly-owned subsidiary of Parent (the "Merger"). |
(3) | At the effective time of the Merger (the "Effective Time"), each outstanding share of the Issuer's common stock (other than certain excluded shares) automatically converted into the right to receive $27.50 in cash, without interest and less any applicable withholding taxes (the "Merger Consideration"). |
(4) | Reflects shares of restricted stock. |
(5) | Each Issuer restricted stock award ("RSA"), whether vested or unvested, outstanding immediately prior to the Effective Time was cancelled and entitled the holder of such RSA, as applicable, to receive, without interest, an amount in cash equal to the product of (i) the total number of shares of Issuer common stock subject to such award multiplied by (ii) the Merger Consideration, less any applicable withholding taxes. |
(6) | These options were fully vested. |
(7) | At the Effective Time, each stock option, whether vested or unvested, outstanding immediately before the Effective Time was cancelled and entitled the holder of such option to receive, without interest, an amount in cash equal to the product of (i) the total number of shares of Issuer common stock subject to the stock option multiplied by (ii) the excess, if any, of the Merger Consideration over the exercise price of such stock option, less any applicable withholding taxes. |
(8) | These options vested upon the attainment of performance criteria on February 1, 2017 with respect to a performance-based stock option award granted to the Reporting Person on February 27, 2011. |
(9) | These options were to vest ratably over a three year period beginning on June 14, 2017. |
(10) | These options were to vest ratably over a three year period beginning on June 6, 2018. |
(11) | These option were to vest ratably over a three year period beginning on June 5, 2019. |
Remarks: The reporting person disclaims beneficial ownership of the securities reported herein as indirectly beneficially owned, except to the extent of his pecuniary interest therein. |