0001562180-20-007387.txt : 20201221 0001562180-20-007387.hdr.sgml : 20201221 20201221122212 ACCESSION NUMBER: 0001562180-20-007387 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: Van Valkenburg Richard CENTRAL INDEX KEY: 0001715675 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-20206 FILM NUMBER: 201403263 MAIL ADDRESS: STREET 1: 47827 HALYARD CITY: PLYMOUTH STATE: MI ZIP: 48170 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 0001715675 Van Valkenburg Richard 47827 HALYARD DRIVE PLYMOUTH MI 48170 false true false false V.P Global Sales & Marketing Common Stock 2020-12-21 4 D false 19007.00 7.00 D 19007.00 D Common Stock 2020-12-21 4 A false 6557.00 0.00 A 6557.00 D Common Stock 2020-12-21 4 D false 6557.00 7.00 D 0.00 D Common Stock 2020-12-21 4 D false 25000.00 7.00 D 0.00 I By Spouse Employee Stock Option (right to buy) 10.55 2020-12-21 4 D false 1000.00 D 2023-09-03 Common Stock 1000.00 0.00 D Employee Stock Option (right to buy) 6.72 2020-12-21 4 D false 20000.00 D 2027-01-03 Common Stock 20000.00 0.00 D Employee Stock Option (right to buy) 5.70 2020-12-21 4 D false 375.00 D 2022-09-04 Common Stock 375.00 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. Includes 1,156 shares acquired under the Company's Employee Stock Purchase Plan since the reporting person's last report was filed. Performance share unit awards that were granted in 2018 and 2019. Pursuant to the Merger Agreement, the performance share unit awards were accelerated and deemed earned at target for each performance period. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. This option, which provided for vesting in four equal annual installments beginning September 3, 2014, 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 in three equal annual installments beginning January 3, 2018, 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. This option, which provided for vesting in four equal annual installments beginning September 4, 2013, 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 Richard Van Valkenburg 2020-12-21