Kevin Eamigh - 05 Apr 2022 Form 4 Insider Report for SPX FLOW, Inc.

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
05 Apr 2022, 16:09:09 UTC
Prior SEC filing
22 Dec 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Peter Ryan, Attorney In Fact for Kevin Eamigh

Key filing fact

Kevin Eamigh filed Form 4 for SPX FLOW, Inc. on 05 Apr 2022.

Key facts

  • This page summarizes Kevin Eamigh's Form 4 filing for SPX FLOW, Inc..
  • 5 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 05 Apr 2022, 16:09.

Change

  • Previous filing in this sequence was filed on 22 Dec 2021.
  • Current net transaction value: -$1,378,724.

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 non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

FLOW transaction

Common Stock

Other

Transaction value
Shares
-28,243
Change %
-66%
Price
Shares after
14,719
Date
05 Apr 2022
Ownership
Direct
Footnotes
F1
FLOW transaction

Common Stock

Disposed to Issuer

Transaction value
$1,273,194
Shares
-14,719
Change %
-100%
Price
$86.50
Shares after
0
Date
05 Apr 2022
Ownership
Direct
Footnotes
F2
FLOW transaction

Common Stock

Disposed to Issuer

Transaction value
$105,530
Shares
-1,220
Change %
-100%
Price
$86.50
Shares after
0
Date
05 Apr 2022
Ownership
401(k) Plan
Footnotes
F2

Reported derivative securities

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

FLOW transaction Derivative

Restricted Stock Unit

Disposed to Issuer

Transaction value
Shares
-2,207
Change %
-100%
Price
Shares after
0
Date
05 Apr 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,207
Exercise price
$0.000000
Footnotes
F3, F4
FLOW transaction Derivative

Restricted Stock Unit

Disposed to Issuer

Transaction value
Shares
-2,073
Change %
-100%
Price
Shares after
0
Date
05 Apr 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,073
Exercise price
$0.000000
Footnotes
F4, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Kevin Eamigh is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 5 footnotes

Footnote F1

Pursuant to that certain Contribution Agreement by and between Reporting Person and LSF11 Redwood Acquisitions, LLC, a Delaware limited liability company ("Parent"), dated as of April 5, 2022, Reporting Person rolled over 28,243 shares of common stock in exchange for equity interests in an affiliate of Parent having an aggregate value of $2,443,019.50.

Footnote F2

Disposed of in connection with the Agreement and Plan of Merger (the "Merger Agreement") dated as of December 12, 2021, by and among the Company, Parent, and Redwood Star Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of Parent, in exchange for a cash payment of $86.50 per share.

Footnote F3

The restricted stock units were originally scheduled to vest in three equal annual installments beginning on February 27, 2021. The tranche vesting in Q1 of 2022 of this award was accelerated by the compensation committee of the Issuer's Board of Directors on December 20, 2021, in connection with the Merger Agreement.

Footnote F4

Pursuant to the terms of the Merger Agreement, upon consummation of the transactions contemplated thereby, each Restricted Stock Unit was automatically canceled and converted into the right to receive an amount in cash, without interest and less applicable taxes, equal to (1) the total number of shares of common stock subject to such Restricted Stock Unit multiplied by (2) $86.50.

Footnote F5

The restricted stock units were originally scheduled to vest in three equal annual installments beginning on February 24, 2022. The tranche vesting in Q1 of 2022 of this award was accelerated by the compensation committee of the Issuer's Board of Directors on December 20, 2021, in connection with the Merger Agreement.

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