Filing Details
- Accession Number:
- 0001437749-13-012168
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2013-09-20 12:50:26
- Reporting Period:
- 2013-09-17
- Filing Date:
- 2013-09-20
- Accepted Time:
- 2013-09-20 12:50:26
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1386198 | Memsic Inc | MEMS | Semiconductors & Related Devices (3674) | 000000000 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1421499 | M Paul Zavracky | One Tech Drive Ste 325 Andover MA 01810 | President, Na & Eu Operations | No | Yes | No | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Disposition | 2013-09-17 | 47,524 | $4.23 | 0 | No | 4 | S | Direct | |
Common Stock | Disposition | 2013-09-17 | 30,000 | $4.23 | 0 | No | 4 | S | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | S | Direct | |
No | 4 | S | Direct |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Stock | Stock Option (right to buy) | Disposition | 2013-09-17 | 30,000 | $4.23 | 30,000 | $0.30 |
Common Stock | Stock Option (right to buy) | Disposition | 2013-09-17 | 45,000 | $4.23 | 45,000 | $0.30 |
Common Stock | Stock Option (right to buy) | Disposition | 2013-09-17 | 12,000 | $4.23 | 12,000 | $1.75 |
Common Stock | Stock Option (right to buy) | Disposition | 2013-09-17 | 12,000 | $4.23 | 12,000 | $3.35 |
Common Stock | Stock Option (right to buy) | Disposition | 2013-09-17 | 100,000 | $4.23 | 100,000 | $3.41 |
Common Stock | Stock Option (right to buy) | Disposition | 2013-09-17 | 140,000 | $4.23 | 140,000 | $2.15 |
Common Stock | Stock Option (right to buy) | Disposition | 2013-09-17 | 12,000 | $0.00 | 12,000 | $6.40 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
0 | 2007-10-01 | 2013-10-01 | No | 4 | S | Direct |
0 | 2009-04-28 | 2015-04-28 | No | 4 | S | Direct |
0 | 2013-03-12 | 2019-03-12 | No | 4 | S | Direct |
0 | 2014-05-12 | 2020-05-12 | No | 4 | S | Direct |
0 | 2015-04-04 | 2021-04-04 | No | 4 | S | Direct |
0 | 2016-05-20 | 2022-05-20 | No | 4 | S | Direct |
0 | 2012-03-12 | 2018-03-12 | No | 4 | J | Direct |
Footnotes
- Pursuant to the terms of the Agreement and Plan of Merger, dated April 22, 2013, by and among MZ Investment Holdings Limited ("Parent"), MZ Investment Holdings Merger Sub Limited and MEMSIC, Inc. (the "Merger Agreement"; capitalized terms used but not defined herein have the meanings assigned to them in the Merger Agreement), at the Effective Time, each share of common stock of the Company held by the Reporting Person was cancelled and converted automatically into the right to receive $4.225 in cash. In connection with the closing of the Merger, the Reporting Person rolled over certain of their existing equity interests in the Company into equity shares of Parent.
- Pursuant to the terms of the Merger Agreement, at the Effective Time, the RSUs held by the Reporting Person were converted into the right to receive an amount in cash equal to $4.225 per RSU. Pursuant to a rollover agreement entered into between Parent and the Reporting Person, certain RSUs held by the Reporting Person were converted into equity shares of Parent.
- Pursuant to the terms of the Merger Agreement, at the Effective Time, the Company Options held by the reporting person were converted into the right to receive an amount in cash equal to the product of (i) the excess, if any, of $4.225 per Common Share over the exercise price per Common Share of such Company Option multiplied by (ii) the total number of Common Shares subject to such Company Options (without regard to vesting). Pursuant to a rollover agreement entered into between Parent and the Reporting Person, certain Company Options held by the Reporting Person were converted into equity shares of Parent.
- Pursuant to the terms of the Merger Agreement, at the Effective Time, out of money stock options were canceled.