Michael-Bryant Hicks - 29 Mar 2022 Form 4 Insider Report for Apria, Inc.

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
29 Mar 2022, 16:31:08 UTC
Prior SEC filing
14 Jun 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Debra L. Morris, as Attorney-in-Fact

Key filing fact

Michael-Bryant Hicks filed Form 4 for Apria, Inc. on 29 Mar 2022.

Key facts

  • This page summarizes Michael-Bryant Hicks's Form 4 filing for Apria, Inc..
  • 3 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 29 Mar 2022, 16:31.

Change

  • Previous filing in this sequence was filed on 14 Jun 2021.
  • Current net transaction value: -$1,166,625.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

APR transaction Derivative

Restricted Stock Units

Disposed to Issuer

Transaction value
$388,875
Shares
-10,370
Change %
-100%
Price
$37.50
Shares after
0
Date
29 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
10,370
Exercise price
Footnotes
F1, F2, F3, F4
APR transaction Derivative

LTIP Units

Award

Transaction value
$0
Shares
+20,740
Change %
Price
$0.000000
Shares after
20,740
Date
29 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
20,740
Exercise price
Footnotes
F2, F5, F6
APR transaction Derivative

LTIP Units

Disposed to Issuer

Transaction value
$777,750
Shares
-20,740
Change %
-100%
Price
$37.50
Shares after
0
Date
29 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
20,740
Exercise price
Footnotes
F1, F2, F5, F6
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Michael-Bryant Hicks is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 6 footnotes

Footnote F1

On March 29, 2022, Owens & Minor, Inc. ("Owens & Minor") acquired the Issuer pursuant to a certain Agreement and Plan of Merger, dated as of January 7, 2022 (the "Merger Agreement"), by and among the Issuer, Owens & Minor and StoneOak Merger Sub Inc., an indirect, wholly owned subsidiary of Owens & Minor ("Merger Sub"). In accordance with the Merger Agreement, Merger Sub merged with and into the Issuer (the "Merger") with the Issuer surviving the Merger as an indirect, wholly owned subsidiary of Owens & Minor. At the effective time of the Merger, each issued and outstanding share of the Issuer's Common Stock (other than certain excluded shares) automatically converted into the right to receive $37.50 per share in cash (the "Merger Consideration"), without interest and subject to applicable withholding tax.

Footnote F2

Represents a contingent right to receive one share of the Issuer's Common Stock payable in Common Stock, cash or a combination thereof at the discretion of the Issuer's Compensation Committee.

Footnote F3

Pursuant to the Merger Agreement, each restricted stock unit ("RSU") became fully vested and cancelled and entitled the holder to receive an amount of cash, without interest and subject to deduction for any required tax withholding, equal to the number of shares of Common Stock subject to such RSU, immediately prior to the effective time of the Merger, multiplied by the Merger Consideration.

Footnote F4

Represents RSUs granted in 2021, which were originally scheduled to vest in three equal annual installments beginning on June 10, 2022.

Footnote F5

In connection with the Merger, certain long-term incentive plan units ("LTIP") were vested and cancelled and entitled the holder to receive an amount of cash, without interest and subject to deduction for any required tax withholding, equal to the number of shares of Common Stock subject to such LTIP immediately prior to the effective time of the Merger, multiplied by the Merger Consideration.

Footnote F6

Represents LTIP awards granted in 2020 which were originally scheduled to vest in equal quarterly installments beginning on March 31, 2020, subject to the satisfaction of certain performance criteria as determined at the end of the three year performance period.

SEC remarks

EVP, General Counsel & Secretary

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