Prache Olivier - 18 Oct 2023 Form 4 Insider Report for EMAGIN CORP

Role
SVP
Signature
/s/ Mark A. Koch, as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
18 Oct 2023
Net transactions value
-$50,900
Form type
4
Filing time
19 Oct 2023, 21:58:32 UTC
Previous filing
07 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EMAN Common Stock Options Exercise +13,042 +114% 24,471 18 Oct 2023 Direct F1, F2
transaction EMAN Common Stock Disposed to Issuer $50,900 -24,471 -100% $2.08 0 18 Oct 2023 Direct F1, F3

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 EMAN Restricted Stock Units Options Exercise $0 -13,042 -100% $0.000000* 0 18 Oct 2023 Common Stock 13,042 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Prache Olivier 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 as of May 17, 2023, by and among the Issuer, Samsung Display Co., Ltd. ("Parent"), Emerald Intermediate, Inc., a wholly owned subsidiary of Parent ("Silk USA"), and Emerald Merger Sub, Inc., a wholly owned subsidiary of Silk USA ("Merger Sub"), pursuant to which Merger Sub merged with and into the Issuer (the "Merger") effective as of October 18, 2023 (the "Effective Time") with the Issuer surviving the Merger as a wholly owned subsidiary of Parent.
F2 At the Effective Time, each then-outstanding restricted stock unit ("RSU") award held by the Reporting Person became fully earned and vested with respect to the maximum number of shares underlying such RSU award.
F3 At the Effective Time, each share of Common Stock held by the Reporting Person immediately prior to the Effective Time was converted into the right to receive $2.08 in cash, without interest.