Key facts
- This page summarizes Patrick Cefalu's Form 4 filing for MICROPAC INDUSTRIES INC.
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 03 Jan 2025, 16:30.
Patrick Cefalu - 30 Dec 2024 Form 4 Insider Report for MICROPAC INDUSTRIES INC
- Reporting relationship
- CFO
- Issuer ticker
- N/A
- Reported as of
- 30 Dec 2024
- Net transaction value
- -$280,800
- Reporting owner signature
- /s/ Patrick Cefalu
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
Patrick Cefalu filed Form 4 for MICROPAC INDUSTRIES INC on 03 Jan 2025.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: -$280,800.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
MPAD
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $280,800
- Shares
- -14,040
- 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
Patrick Cefalu 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 7,143 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 6,897 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.