Christopher G. Lee - 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, 16:31:37 UTC
Prior SEC filing
16 Mar 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Debra L. Morris, as Attorney-in-Fact

Key filing fact

Christopher G. Lee filed Form 4 for Apria, Inc. on 29 Mar 2022.

Key facts

  • This page summarizes Christopher G. Lee's Form 4 filing for Apria, Inc..
  • 12 reported transactions and 12 derivative rows are listed below.
  • Accepted by SEC: 29 Mar 2022, 16:31.

Change

  • Previous filing in this sequence was filed on 16 Mar 2022.
  • Current net transaction value: -$1,657,761.

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

Stock Appreciation Rights

Disposed to Issuer

Transaction value
$249,144
Shares
-7,032
Change %
-100%
Price
$35.43
Shares after
0
Date
29 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
7,032
Exercise price
$2.07
Footnotes
F1, F2
APR transaction Derivative

Stock Appreciation Rights

Disposed to Issuer

Transaction value
$184,945
Shares
-5,749
Change %
-100%
Price
$32.17
Shares after
0
Date
29 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
5,749
Exercise price
$5.33
Footnotes
F1, F3
APR transaction Derivative

Stock Appreciation Rights

Disposed to Issuer

Transaction value
$246,647
Shares
-7,667
Change %
-100%
Price
$32.17
Shares after
0
Date
29 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
7,667
Exercise price
$5.33
Footnotes
F1, F4
APR transaction Derivative

Stock Appreciation Rights

Disposed to Issuer

Transaction value
$394,597
Shares
-12,266
Change %
-100%
Price
$32.17
Shares after
0
Date
29 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
12,266
Exercise price
$5.33
Footnotes
F1, F5
APR transaction Derivative

Stock Appreciation Rights

Disposed to Issuer

Transaction value
$143,470
Shares
-4,910
Change %
-100%
Price
$29.22
Shares after
0
Date
29 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
4,910
Exercise price
$8.28
Footnotes
F1, F2
APR transaction Derivative

Stock Appreciation Rights

Disposed to Issuer

Transaction value
$55,986
Shares
-1,916
Change %
-100%
Price
$29.22
Shares after
0
Date
29 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,916
Exercise price
$8.28
Footnotes
F1, F2
APR transaction Derivative

Stock Appreciation Rights

Disposed to Issuer

Transaction value
$89,647
Shares
-3,068
Change %
-100%
Price
$29.22
Shares after
0
Date
29 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
3,068
Exercise price
$8.28
Footnotes
F1, F2
APR transaction Derivative

Restricted Stock Units

Disposed to Issuer

Transaction value
$69,525
Shares
-1,854
Change %
-100%
Price
$37.50
Shares after
0
Date
29 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,854
Exercise price
Footnotes
F1, F6, F7, F8
APR transaction Derivative

LTIP Units

Award

Transaction value
$0
Shares
+2,260
Change %
Price
$0.000000
Shares after
2,260
Date
29 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,260
Exercise price
Footnotes
F6, F9, F10
APR transaction Derivative

LTIP Units

Disposed to Issuer

Transaction value
$84,750
Shares
-2,260
Change %
-100%
Price
$37.50
Shares after
0
Date
29 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,260
Exercise price
Footnotes
F1, F6, F9, F10
APR transaction Derivative

Performance-based Restricted Stock Units

Award

Transaction value
$0
Shares
+3,708
Change %
Price
$0.000000
Shares after
3,708
Date
29 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
3,708
Exercise price
Footnotes
F6, F9, F11
APR transaction Derivative

Performance-based Restricted Stock Units

Disposed to Issuer

Transaction value
$139,050
Shares
-3,708
Change %
-100%
Price
$37.50
Shares after
0
Date
29 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
3,708
Exercise price
Footnotes
F1, F6, F8, F9, F11
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

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

Explanation of responses 11 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

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 F3

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 F4

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 F5

Pursuant to the Merger Agreement, these stock appreciation rights which originally provided for vesting in equal quarterly installments until December 9, 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

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 F7

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 F8

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

Footnote F9

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 F10

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 F11

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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