Mark C. Wiggins - Mar 7, 2022 Form 4 Insider Report for ZOGENIX, INC. (ZGNX)

Role
Director
Signature
/s/ Michael P. Smith, Attorney-in-fact for Mark C. Wiggins
Stock symbol
ZGNX
Transactions as of
Mar 7, 2022
Transactions value $
$0
Form type
4
Date filed
3/9/2022, 06:15 PM
Previous filing
Feb 1, 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZGNX Common Stock Disposition pursuant to a tender of shares in a change of control transaction -2.5K -100% 0 Mar 7, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ZGNX Stock Option (Right to Buy) Disposed to Issuer -4.38K -100% 0 Mar 7, 2022 Common Stock 4.38K $14.88 Direct F2, F3
transaction ZGNX Stock Option (Right to Buy) Disposed to Issuer -5.63K -100% 0 Mar 7, 2022 Common Stock 5.63K $12.00 Direct F2, F3
transaction ZGNX Stock Option (Right to Buy) Disposed to Issuer -6.25K -100% 0 Mar 7, 2022 Common Stock 6.25K $15.52 Direct F2, F3
transaction ZGNX Stock Option (Right to Buy) Disposed to Issuer -9K -100% 0 Mar 7, 2022 Common Stock 9K $12.80 Direct F2, F3
transaction ZGNX Stock Option (Right to Buy) Disposed to Issuer -20K -100% 0 Mar 7, 2022 Common Stock 20K $8.99 Direct F2, F3
transaction ZGNX Stock Option (Right to Buy) Disposed to Issuer -20K -100% 0 Mar 7, 2022 Common Stock 20K $12.75 Direct F2, F3
transaction ZGNX Stock Option (Right to Buy) Disposed to Issuer -22K -100% 0 Mar 7, 2022 Common Stock 22K $17.83 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Mark C. Wiggins is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 This Form 4 reports securities disposed of pursuant to the terms of the Agreement and Plan of Merger, dated January 18, 2022, (the "Merger Agreement"), among UCB S.A., a societe anonyme formed under the laws of Belgium ("Parent"), Zinc Merger Sub, Inc., a Delaware corporation and an indirect wholly owned subsidiary of Parent ("Purchaser") and the Issuer, pursuant to which Purchaser completed a tender offer for shares of common stock of the Issuer (each, a "Share") and thereafter merged with and into the Issuer (the "Merger") effective as of March 7, 2022 (the "Effective Time"). At the Effective Time, each issued and outstanding Share was canceled and converted into the right to receive $26.00 in cash (the "Cash Amount") plus a contingent value right ("CVR"), which CVR represents the right to receive a contingent payment of $2.00 which amount will become payable, if at all, if a specified milestone is achieved on or prior to December 31, 2023.
F2 Upon the terms and subject to the conditions set forth in the Merger Agreement, (a) each outstanding option to purchase Shares (each, a "Company Option") with an exercise price less than $26.00 (each, an "In the Money Option"), was canceled and converted into the right to receive an amount in cash equal to, subject to applicable tax withholding, the product of (i) the excess, if any of the Cash Amount over the exercise price per Share underlying such In the Money Option, multiplied by (ii) the total number of Shares subject to such In the Money Options and one CVR; (b) each Company Option with an exercise price equal to or greater than $26.00 but less than $28.00 (each, an "Out of the Money Option"),
F3 (Continued from Footnote 2) was canceled and converted into the right to receive, subject to the terms of the Merger Agreement, if and when (and only if and when) payments in respect of CVRs are required to be made, $28.00 in cash (less the applicable exercise price per Share subject to such Out of the Money Option); (c) each Company Option with an exercise price equal to or greater than $28.00, was canceled for no consideration.