Mark W. King - 30 Dec 2024 Form 4 Insider Report for MICROPAC INDUSTRIES INC

Reporting relationship: Chairman and CEO, Director
Issuer ticker: N/A
Reported as of: 30 Dec 2024
Net transaction value: -$783,160
SEC form: 4
Accepted by SEC: 30 Dec 2024, 17:26:54 UTC
Prior SEC filing: 08 Aug 2023
Source filing: View source filing
Reporting owner signature: /s/ Mark W. King

Key filing fact

Mark W. King filed Form 4 for MICROPAC INDUSTRIES INC on 30 Dec 2024.

Key facts

This page summarizes Mark W. King's Form 4 filing for MICROPAC INDUSTRIES INC.
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 30 Dec 2024, 17:26.

Change

Previous filing in this sequence was filed on 08 Aug 2023.
Current net transaction value: -$783,160.

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.

MPAD transaction

Common Stock

Disposed to Issuer

Transaction value: $783,160
Shares: -39,158
Change %: -100%
Price: $20.00
Shares after: 0
Date: 30 Dec 2024
Ownership: Direct
Footnotes: F1, F2, F3

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

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

Explanation of responses 3 footnotes

Footnote F1

Pursuant to the Agreement and Plan of Merger, dated November 1, 2024 (the "Merger Agreement"), by and among Micropac Industries, Inc., a Delaware corporation (the "Issuer"), Teledyne Technologies Incorporated, a Delaware corporation and Harrier Merger Sub, Inc., a Delaware corporation, each share of common stock, par value $0.10 per share of the Issuer (the "Common Stock"), was canceled and converted into the right to receive $20.00 per share in cash without interest, subject to required withholding of taxes (the "Merger Consideration").

Footnote F2

Includes 11,257 restricted stock units ("RSUs"). Pursuant to the Merger Agreement, each RSU that was outstanding as of immediately prior to the effective time of the merger, automatically became fully vested and was cancelled by virtue of the merger without any action on the part of any holder or beneficiary thereof and entitled the holder to receive an amount in cash, without interest, subject to required withholding of taxes, equal to the product of (i) the number of shares of Common Stock then underlying such RSU award as of immediately prior to the effective time of the merger, and (ii) the Merger Consideration.

Footnote F3

Includes 10,901 restricted stock units subject to performance-based vesting conditions ("PSUs"). Pursuant to the Merger Agreement, each PSU that was outstanding as of immediately prior to the effective time of the merger, automatically became fully vested and was cancelled by virtue of the merger without any action on the part of any holder or beneficiary thereof and entitled the holder to receive an amount in cash, without interest, subject to required withholding of taxes, equal to the product of (i) the number of shares of Common Stock then underlying such PSU award as of immediately prior to the effective time of the merger, and (ii) the Merger Consideration.