Kevin P. Chilton - Jul 28, 2023 Form 4 Insider Report for AEROJET ROCKETDYNE HOLDINGS, INC. (AJRD)

Role
Director
Signature
/s/ Tony Shin, attorney-in-fact
Stock symbol
AJRD
Transactions as of
Jul 28, 2023
Transactions value $
-$1,906,634
Form type
4
Date filed
7/31/2023, 05:33 PM
Previous filing
May 19, 2023
Next filing
May 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AJRD Common Stock Disposed to Issuer -$1.91M -32.9K -100% $58.00 0 Jul 28, 2023 By Rabbi Trust F1, F2, F3
holding AJRD Common Stock 0 Jul 28, 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Kevin P. Chilton is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Under the terms of the Agreement and Plan of Merger, dated as of December 17, 2022 (the "Merger Agreement"), by and among L3Harris Technologies, Inc., Aquila Merger Sub Inc. and Aerojet Rocketdyne Holdings, Inc. (the "Issuer"), Aquila Merger Sub Inc. merged with and into the Issuer, with the Issuer surviving and becoming a wholly-owned subsidiary of L3Harris Technologies, Inc. (the "Merger"). At the effective time of the Merger, each issued and outstanding share of the Issuer's common stock was automatically canceled and converted into the right to receive $58.00 in cash per share, less applicable tax withholding (the "Merger Consideration").
F2 The number of shares reported includes previously-reported shares of restricted stock, which vested in full upon consummation of the Merger.
F3 On March 24, 2021, the Issuer paid a $5.00 per share special cash dividend to all stockholders of record at the close of business on March 10, 2021. Pursuant to the terms of the Rabbi Trust, vested shares of restricted stock as of the dividend date received the dividend in shares of Issuer common stock in lieu of cash. Accordingly, the reporting person received 1,304 shares of common stock exempt from reporting under Rule 16a-9(a).