0001387131-19-008129.txt : 20191031
0001387131-19-008129.hdr.sgml : 20191031
20191031165002
ACCESSION NUMBER: 0001387131-19-008129
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20191029
FILED AS OF DATE: 20191031
DATE AS OF CHANGE: 20191031
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Toland Mark J
CENTRAL INDEX KEY: 0001668033
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37406
FILM NUMBER: 191184241
MAIL ADDRESS:
STREET 1: 309 WAVERLEY OAKS RD., SUITE 105
CITY: WALTHAM
STATE: MA
ZIP: 02452
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Corindus Vascular Robotics, Inc.
CENTRAL INDEX KEY: 0001528557
STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841]
IRS NUMBER: 300687898
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 309 WAVERLEY OAKS ROAD
STREET 2: SUITE 105
CITY: WALTHAM
STATE: MA
ZIP: 02452
BUSINESS PHONE: 508-653-3335
MAIL ADDRESS:
STREET 1: 309 WAVERLEY OAKS ROAD
STREET 2: SUITE 105
CITY: WALTHAM
STATE: MA
ZIP: 02452
FORMER COMPANY:
FORMER CONFORMED NAME: Your Internet Defender, Inc
DATE OF NAME CHANGE: 20110824
4
1
toland-form4_102919.xml
OWNERSHIP DOCUMENT
X0306
4
2019-10-29
1
0001528557
Corindus Vascular Robotics, Inc.
CVRS
0001668033
Toland Mark J
309 WAVERLEY OAKS RD., SUITE 105
WALTHAM
MA
02452
1
1
0
0
President and CEO
Non-qualified stock option (right to buy)
1.46
2019-10-29
4
D
0
297335
2.82
D
2016-12-01
2026-03-06
Common Stock
297335
0
D
Non-qualified stock option (right to buy)
1.46
2019-10-29
4
D
0
7136049
2.82
D
2026-03-06
Common Stock
7136049
0
D
Non-qualified stock option (right to buy)
0.705
2019-10-29
4
D
0
297335
3.575
D
2016-12-01
2026-11-30
Common Stock
297335
0
D
Non-qualified stock option (right to buy)
0.705
2019-10-29
4
D
0
297335
3.575
D
2017-05-17
2026-11-30
Common Stock
297335
0
D
Non-qualified stock option (right to buy)
0.705
2019-10-29
4
D
0
297335
3.575
D
2017-06-22
2026-11-30
Common Stock
297335
0
D
Non-qualified stock option (right to buy)
0.7501
2019-10-29
4
D
0
5183322
3.5299
D
2028-05-31
Common Stock
5183322
0
D
On October 29, 2019, Siemens Medical Solutions USA, Inc., a Delaware corporation ("Parent"), acquired the Issuer pursuant to that certain Agreement and Plan of Merger entered into by and among the Issuer, Parent and Corpus Merger Inc., a Delaware corporation and wholly-owned subsidiary of Parent ("Merger Sub"), dated as of August 7, 2019 (the "Merger Agreement"). In accordance with the Merger Agreement, Merger Sub merged with and into the Issuer, with the Issuer surviving such merger as a wholly-owned subsidiary of Parent (the "Merger").
The option vested in full upon the Board's determination that Mr. Toland achieved the required performance criteria.
At the effective time of the Merger (the "Effective Time"), which occurred on October 29, 2019, each outstanding and unexercised option to purchase shares of the Issuer's common stock automatically converted into the right to receive a cash payment equal to the product of (i) the excess, if any, of $4.28 over the per share exercise price of such option, and (ii) the number of shares of the Issuer's common stock subject to such option as of the Effective Time, without interest and net of any applicable withholding taxes.
This option provided for vesting over a period of four years, with the first 25% vesting on March 7, 2017 and the remaining 75% vesting in 36 equal monthly installments beginning on April 7, 2017.
This option provided for vesting on the date of certification by the Compensation Committee of the Board of the achievement of certain performance milestones, provided Mr. Toland was providing services to the Issuer or its affiliates on the date of such achievement.
/s/ Mark J. Toland
2019-10-31