Filing Details

Accession Number:
0000914190-17-000104
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-03-07 10:02:16
Reporting Period:
2017-01-26
Filing Date:
2017-03-07
Accepted Time:
2017-03-07 10:02:16
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
719866 Arctic Cat Inc ACAT Miscellaneous Transportation Equipment (3790) 411443470
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1650336 A. Kim Brink 500 North 3Rd Street
Minneapolis MN 55401
Yes No 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 2017-01-26 347 $18.56 3,382 No 4 S Direct
Common Stock Disposition 2017-03-06 3,382 $18.50 0 No 4 D Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 D 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 2017-03-06 5,973 $0.00 5,973 $16.74
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2026-04-01 No 4 D Direct
Footnotes
  1. Pursuant to the Agreement and Plan of Merger (the "Merger Agreement") among Arctic Cat Inc., a Minnesota corporation, Textron Inc., a Delaware corporation, ("Textron"), and Aces Acquisition Corp., a Minnesota corporation and an indirect wholly owned subsidiary of Textron, each unvested restricted stock unit became fully vested immediately prior to the Effective Time (as defined in the Merger Agreement). Restricted stock units were then cancelled as of the Effective Time in exchange for the right to receive a cash payment equal to $18.50 multiplied by the number of shares subject to such restricted stock unit award, less any required withholding of taxes.
  2. Pursuant to the Merger Agreement, each unvested stock option became fully vested and exercisable immediately prior to the Effective Time. Each stock option that was outstanding and unexercised as of the Effective Time and had an exercise price per share that was less than $18.50 was then cancelled in exchange for the right to receive a cash payment equal to $18.50 minus the exercise price, multiplied by the number of shares issuable upon exercise of such stock option, less any required withholding of taxes.