Debra L. Morris - 28 Mar 2022 Form 4 Insider Report for Apria, Inc.

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
29 Mar 2022, 16:30:44 UTC
Prior SEC filing
16 Mar 2022
Next SEC filing
15 Jun 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Debra L. Morris

Key filing fact

Debra L. Morris filed Form 4 for Apria, Inc. on 29 Mar 2022.

Key facts

  • This page summarizes Debra L. Morris's Form 4 filing for Apria, Inc..
  • 18 reported transactions and 15 derivative rows are listed below.
  • Accepted by SEC: 29 Mar 2022, 16:30.

Change

  • Previous filing in this sequence was filed on 16 Mar 2022.
  • Current net transaction value: -$12,473,175.

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.

APR transaction

Common Stock

Options Exercise

Transaction value
$16,953
Shares
+8,190
Change %
+180%
Price
$2.07*
Shares after
12,750
Date
28 Mar 2022
Ownership
Direct
Footnotes
F1
APR transaction

Common Stock

Tax liability

Transaction value
$160,838
Shares
-4,289
Change %
-34%
Price
$37.50
Shares after
8,461
Date
28 Mar 2022
Ownership
Direct
APR transaction

Common Stock

Disposed to Issuer

Transaction value
$317,288
Shares
-8,461
Change %
-100%
Price
$37.50
Shares after
0
Date
29 Mar 2022
Ownership
Direct
Footnotes
F3

Reported derivative securities

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

APR transaction Derivative

Stock Appreciation Rights

Options Exercise

Transaction value
$0
Shares
-8,190
Change %
-48%
Price
$0.000000
Shares after
8,860
Date
28 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
8,190
Exercise price
$2.07
Footnotes
F1, F2
APR transaction Derivative

Stock Appreciation Rights

Disposed to Issuer

Transaction value
$313,910
Shares
-8,860
Change %
-100%
Price
$35.43
Shares after
0
Date
29 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
8,860
Exercise price
$2.07
Footnotes
F3, F4
APR transaction Derivative

Stock Appreciation Rights

Disposed to Issuer

Transaction value
$1,478,466
Shares
-45,034
Change %
-100%
Price
$32.83
Shares after
0
Date
29 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
45,034
Exercise price
$4.67
Footnotes
F3, F4
APR transaction Derivative

Stock Appreciation Rights

Disposed to Issuer

Transaction value
$356,501
Shares
-10,859
Change %
-100%
Price
$32.83
Shares after
0
Date
29 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
10,859
Exercise price
$4.67
Footnotes
F3, F4
APR transaction Derivative

Stock Appreciation Rights

Disposed to Issuer

Transaction value
$1,477,182
Shares
-45,918
Change %
-100%
Price
$32.17
Shares after
0
Date
29 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
45,918
Exercise price
$5.33
Footnotes
F3, F5
APR transaction Derivative

Stock Appreciation Rights

Disposed to Issuer

Transaction value
$1,968,450
Shares
-61,189
Change %
-100%
Price
$32.17
Shares after
0
Date
29 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
61,189
Exercise price
$5.33
Footnotes
F3, F6
APR transaction Derivative

Stock Appreciation Rights

Disposed to Issuer

Transaction value
$1,034,154
Shares
-35,392
Change %
-100%
Price
$29.22
Shares after
0
Date
29 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
35,392
Exercise price
$8.28
Footnotes
F3, F4
APR transaction Derivative

Stock Appreciation Rights

Disposed to Issuer

Transaction value
$1,270,661
Shares
-43,486
Change %
-100%
Price
$29.22
Shares after
0
Date
29 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
43,486
Exercise price
$8.28
Footnotes
F3, F4
APR transaction Derivative

Stock Appreciation Rights

Disposed to Issuer

Transaction value
$1,974,483
Shares
-67,573
Change %
-100%
Price
$29.22
Shares after
0
Date
29 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
67,573
Exercise price
$8.28
Footnotes
F3, F4
APR transaction Derivative

Stock Appreciation Rights

Disposed to Issuer

Transaction value
$447,358
Shares
-15,310
Change %
-100%
Price
$29.22
Shares after
0
Date
29 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
15,310
Exercise price
$8.28
Footnotes
F3, F4
APR transaction Derivative

Restricted Stock Units

Disposed to Issuer

Transaction value
$450,562
Shares
-12,015
Change %
-100%
Price
$37.50
Shares after
0
Date
29 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
12,015
Exercise price
Footnotes
F3, F7, F8, F9
APR transaction Derivative

LTIP Units

Award

Transaction value
$0
Shares
+9,044
Change %
Price
$0.000000
Shares after
9,044
Date
29 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
9,044
Exercise price
Footnotes
F7, F10, F11
APR transaction Derivative

LTIP Units

Disposed to Issuer

Transaction value
$339,150
Shares
-9,044
Change %
-100%
Price
$37.50
Shares after
0
Date
29 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
9,044
Exercise price
Footnotes
F3, F7, F10, F11
APR transaction Derivative

Performance-based Restricted Stock Units

Award

Transaction value
$0
Shares
+24,030
Change %
Price
$0.000000
Shares after
24,030
Date
29 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
24,030
Exercise price
Footnotes
F7, F10, F12
APR transaction Derivative

Performance-based Restricted Stock Units

Disposed to Issuer

Transaction value
$901,125
Shares
-24,030
Change %
-100%
Price
$37.50
Shares after
0
Date
29 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
24,030
Exercise price
Footnotes
F3, F7, F10, F12
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

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

Explanation of responses 12 footnotes

Footnote F1

The transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

Footnote F2

These stock appreciation rights are fully vested.

Footnote F3

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 F4

Pursuant to the Merger Agreement, these fully vested stock appreciation rights were canceled and entitled the holder to receive an amount of cash, without interest and subject to deduction for any required tax withholding, equal to the difference between the conversion price of the stock appreciation right and the Merger Consideration multiplied by the number of shares of Common Stock subject to such stock appreciation right, immediately prior to the effective time of the Merger.

Footnote F5

Pursuant to the Merger Agreement, these stock appreciation rights which originally provided for vesting in equal quarterly installments until August 15, 2024, became fully vested and canceled and entitled the holder to receive an amount of cash, without interest and subject to deduction for any required tax withholding, equal to the difference between the conversion price of the stock appreciation right and the Merger Consideration multiplied by the number of shares of Common Stock subject to such stock appreciation right, immediately prior to the effective time of the Merger.

Footnote F6

Pursuant to the Merger Agreement, these stock appreciation rights which originally provided for vesting as follows: (a) 20% vest on May 12, 2021, and (b) the remaining to vest in equal quarterly installments ending on May 12, 2025, became fully vested and canceled and entitled the holder to receive an amount of cash, without interest and subject to deduction for any required tax withholding, equal to the difference between the conversion price of the stock appreciation right and the Merger Consideration multiplied by the number of shares of Common Stock subject to such stock appreciation right, immediately prior to the effective time of the Merger.

Footnote F7

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 F8

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 F9

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

Footnote F10

In connection with the Merger, certain performance-based Restricted Stock Units ("PSUs") and 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 PSU or LTIP, as applicable, immediately prior to the effective time of the Merger multiplied by the Merger Consideration.

Footnote F11

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.

Footnote F12

Represents PSUs granted in 2021 pursuant to the Issuer's 2021 omnibus incentive plan, which were originally scheduled to vest based on the achievement of certain performance criteria.

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