0001562180-20-007383.txt : 20201221
0001562180-20-007383.hdr.sgml : 20201221
20201221122042
ACCESSION NUMBER: 0001562180-20-007383
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20201221
FILED AS OF DATE: 20201221
DATE AS OF CHANGE: 20201221
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: FREELAND JAY
CENTRAL INDEX KEY: 0001309153
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-20206
FILM NUMBER: 201403256
MAIL ADDRESS:
STREET 1: 125 TECHNOLOGY PARK
CITY: LAKE MARY
STATE: FL
ZIP: 32746
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PERCEPTRON INC/MI
CENTRAL INDEX KEY: 0000887226
STANDARD INDUSTRIAL CLASSIFICATION: OPTICAL INSTRUMENTS & LENSES [3827]
IRS NUMBER: 382381442
STATE OF INCORPORATION: MI
FISCAL YEAR END: 0630
BUSINESS ADDRESS:
STREET 1: 47827 HALYARD DRIVE
CITY: PLYMOUTH
STATE: MI
ZIP: 48170-2461
BUSINESS PHONE: 734-414-4816
MAIL ADDRESS:
STREET 1: 47827 HALYARD DRIVE
CITY: PLYMOUTH
STATE: MI
ZIP: 48170-2461
4
1
primarydocument.xml
PRIMARY DOCUMENT
X0306
4
2020-12-21
true
0000887226
PERCEPTRON INC/MI
PRCP
0001309153
FREELAND JAY
47827 HALYARD DRIVE
PLYMOUTH
MI
48170
true
true
false
false
Chairman, Interim Pres & CEO
Common Stock
2020-12-21
4
D
false
51293.00
7.00
D
0.00
D
Director Stock Option (Right to Buy)
8.28
2020-12-21
4
D
false
8000.00
D
2029-01-02
Common Stock
8000.00
0.00
D
Employee Stock Option (Right to Buy)
4.50
2020-12-21
4
D
false
25000.00
D
2029-12-02
Common Stock
25000.00
0.00
D
Disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement") between the Issuer, Atlas Copco North America LLC and Odyssey Acquisition Corp. for $7.00 per share in cash on the effective date of the merger.
This option, which provided for vesting in three equal annual installments beginning January 2, 2020, was cancelled pursuant to the Merger Agreement without payment of any consideration because the exercise price was greater than the $7.00 per share merger consideration.
This option, which provided for vesting (i) 50% on December 2, 2020, (ii) 25% on December 2, 2021 and (iii) 25% on December 2, 2022, was cancelled pursuant to the Merger Agreement and converted into the right to receive an amount in cash equal to (i) the difference between the $7.00 per share merger consideration and the exercise price of such stock option multiplied by (ii) the number of shares subject to such stock option.
/s/Bill Roeschlein on behalf of Jay W. Freeland
2020-12-21