Thomas L. Barbato - 05 Oct 2021 Form 4 Insider Report for IEC ELECTRONICS CORP

Reporting relationship: CFO
Issuer ticker: N/A
Reported as of: 05 Oct 2021
Net transaction value: -$992,000
SEC form: 4
Accepted by SEC: 05 Oct 2021, 16:47:00 UTC
Next SEC filing: 03 Aug 2022
Source filing: View source filing
Reporting owner signature: Thomas Barbato

Key filing fact

Thomas L. Barbato filed Form 4 for IEC ELECTRONICS CORP on 05 Oct 2021.

Key facts

This page summarizes Thomas L. Barbato's Form 4 filing for IEC ELECTRONICS CORP.
8 reported transactions and 7 derivative rows are listed below.
Accepted by SEC: 05 Oct 2021, 16:47.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: -$992,000.

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.

IEC transaction

Common Stock

Disposition pursuant to a tender of shares in a change of control transaction

Transaction value
Shares: -7,500
Change %: -100%
Price
Shares after: 0
Date: 05 Oct 2021
Ownership: Direct
Footnotes: F1

Reported derivative securities

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

IEC transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value: $992,000
Shares: -100,000
Change %: -100%
Price: $9.92
Shares after: 0
Date: 05 Oct 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 100,000
Exercise price: $5.43
Footnotes: F2

IEC transaction Derivative

Restricted Stock Unit

Disposed to Issuer

Transaction value
Shares: -3,637
Change %: -100%
Price
Shares after: 0
Date: 05 Oct 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,637
Exercise price: $0.000000
Footnotes: F3

IEC transaction Derivative

Restricted Stock Unit

Disposed to Issuer

Transaction value
Shares: -2,921
Change %: -100%
Price
Shares after: 0
Date: 05 Oct 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,921
Exercise price: $0.000000
Footnotes: F3

IEC transaction Derivative

Restricted Stock Unit

Disposed to Issuer

Transaction value
Shares: -2,203
Change %: -100%
Price
Shares after: 0
Date: 05 Oct 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,203
Exercise price: $0.000000
Footnotes: F3

IEC transaction Derivative

Peformance Restricted Stock Unit

Disposed to Issuer

Transaction value
Shares: -21,819
Change %: -100%
Price
Shares after: 0
Date: 05 Oct 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 21,819
Exercise price: $0.000000
Footnotes: F4

IEC transaction Derivative

Peformance Restricted Stock Unit

Disposed to Issuer

Transaction value
Shares: -14,603
Change %: -100%
Price
Shares after: 0
Date: 05 Oct 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 14,603
Exercise price: $0.000000
Footnotes: F4

IEC transaction Derivative

Peformance Restricted Stock Unit

Disposed to Issuer

Transaction value
Shares: -8,812
Change %: -100%
Price
Shares after: 0
Date: 05 Oct 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 8,812
Exercise price: $0.000000
Footnotes: F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

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

Explanation of responses 4 footnotes

Footnote F1

Disposed of pursuant to the closing, on October 5, 2021, of a cash tender offer by Creation Technologies International Inc. ("Parent"), and its wholly-owned subsidiary, CTI Acquisition Corp. ("Merger Sub"), pursuant to which each outstanding share of the common stock of the Issuer was converted into the right to receive $15.35 per share, less any required withholding taxes.

Footnote F2

Upon consummation of the tender offer, each option was cancelled and converted into the right to receive the difference between $15.35 and the exercise price per share of the option, less any required withholding taxes.

Footnote F3

Upon consummation of the tender offer, each restricted stock unit fully vested and was cancelled and converted automatically into the right to receive $15.35 per share underlying the restricted stock unit, less any required withholding taxes.

Footnote F4

Performance Restricted Stock Units ("PSUs") that vested in connection with the tender offer were cancelled and converted into the right to receive $15.35 per share underlying the PSU, less any required withholding taxes.