0001209191-19-052871.txt : 20191009 0001209191-19-052871.hdr.sgml : 20191009 20191009203030 ACCESSION NUMBER: 0001209191-19-052871 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20191008 FILED AS OF DATE: 20191009 DATE AS OF CHANGE: 20191009 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Spillane Thomas CENTRAL INDEX KEY: 0001355986 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-32849 FILM NUMBER: 191145166 MAIL ADDRESS: STREET 1: C/O CASTLE BRANDS INC. STREET 2: 570 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Castle Brands Inc CENTRAL INDEX KEY: 0001311538 STANDARD INDUSTRIAL CLASSIFICATION: BEVERAGES [2080] IRS NUMBER: 000000000 STATE OF INCORPORATION: FL FISCAL YEAR END: 0331 BUSINESS ADDRESS: STREET 1: 122 EAST 42ND STREET STREET 2: SUITE 4700 CITY: NEW YORK STATE: NY ZIP: 10168 BUSINESS PHONE: 646-356-0200 MAIL ADDRESS: STREET 1: 122 EAST 42ND STREET STREET 2: SUITE 4700 CITY: NEW YORK STATE: NY ZIP: 10168 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2019-10-08 1 0001311538 Castle Brands Inc ROX 0001355986 Spillane Thomas C/O CASTLE BRANDS INC. 122 E. 42 ST., SUITE 5000 NEW YORK NY 10168 0 1 0 0 Senior Vice President Common Stock 2019-10-08 4 U 0 394015 1.27 D 202500 D Common Stock 2019-10-08 4 D 0 202500 1.27 D 0 D Stock Option (Right to Buy) 0.35 2019-10-08 4 D 0 65000 D 2020-06-11 Common Stock 65000 0 D Stock Option (Right to Buy) 0.35 2019-10-08 4 D 0 17100 D 2020-12-07 Common Stock 17100 0 D Stock Option (Right to Buy) 0.31 2019-10-08 4 D 0 44650 D 2021-06-15 Common Stock 44650 0 D Stock Option (Right to Buy) 0.26 2019-10-08 4 D 0 20800 D 2021-12-19 Common Stock 20800 0 D Stock Option (Right to Buy) 0.28 2019-10-08 4 D 0 43333 D 2022-06-13 Common Stock 43333 0 D Stock Option (Right to Buy) 0.38 2019-10-08 4 D 0 85000 D 2023-06-05 Common Stock 85000 0 D Stock Option (Right to Buy) 1.00 2019-10-08 4 D 0 100000 D 2024-05-28 Common Stock 100000 0 D Stock Option (Right to Buy) 1.67 2019-10-08 4 D 0 150000 D 2025-06-02 Common Stock 150000 0 D Stock Option (Right to Buy) 0.90 2019-10-08 4 D 0 200000 D 2026-06-03 Common Stock 200000 0 D On October 8, 2019, Rook Merger Sub, Inc. ("Purchaser"), a wholly owned subsidiary of Austin, Nichols & Co., Inc. ("Parent"), successfully completed the tender offer ("Tender Offer") for all issued and outstanding shares of the common stock of Castle Brands Inc. ("Issuer") pursuant to that certain Agreement and Plan of Merger, dated August 28, 2019 (the "Merger Agreement"), by and among Issuer, Parent and Purchaser. Following the Tender Offer, on October 9, 2019, Purchaser merged with and into Issuer with Issuer surviving the merger as a wholly owned subsidiary of Parent (the "Merger"). In connection with the Merger, the reporting person is no longer an officer of Issuer, effective on October 9, 2019. Represents shares tendered to the Purchaser in connection with the Tender Offer. In accordance with the terms of the Merger Agreement, the restricted stock awards held by the reporting person were deemed to be fully vested and converted at the effective time of the Merger into the right to receive a cash payment, without interest, equal to the product of (i) the aggregate number of shares of the Issuer's Common Stock in respect of such restricted stock awards multiplied by (ii) $1.27, less any taxes required to be withheld. The option vested in four equal annual installments commencing on June 11, 2011. In accordance with the terms of the Merger Agreement, this stock option held by the reporting person was deemed to be fully vested and cancelled and converted at the effective time of the Merger into the right to receive a cash payment, without interest, equal to the product of (i) the aggregate number of shares of the Issuer's Common Stock subject to such stock option multiplied by (ii) the excess of $1.27 over the per share exercise price of such stock option, less any taxes required to be withheld. The option vested in three equal annual installments commencing on December 7, 2011. The option vested in three equal annual installments commencing on June 15, 2012. The option vested in three equal annual installments commencing on December 19, 2012. The option vested in three equal annual installments commencing on June 13, 2013. The option vested in three equal annual installments commencing on June 5, 2014. The option vested in four equal annual installments commencing on May 28, 2015. The option vested in four equal annual installments commencing on June 2, 2016. In accordance with the terms of the Merger Agreement, this stock option was cancelled at the effective time of the Merger because the exercise price of the stock option exceeded $1.27 per share. The option vests in four equal annual installments commencing on June 3, 2017, provided that Mr. Spillane is then still an employee of the Company, subject to earlier vesting in the event of death, disability or a "Change of Control." /s/ Thomas Spillane 2019-10-09