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WAIR Wesco Aircraft Holdings Inc

11.04
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Wesco Aircraft Holdings Inc NYSE:WAIR NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 11.04 0 00:00:00

Statement of Changes in Beneficial Ownership (4)

13/01/2020 10:39pm

Edgar (US Regulatory)


FORM 4 [X] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Renehan Todd
2. Issuer Name and Ticker or Trading Symbol

Wesco Aircraft Holdings, Inc [ WAIR ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Chief Executive Officer
(Last)          (First)          (Middle)

C/O WESCO AIRCRAFT HOLDINGS, INC., 24911 AVENUE STANFORD
3. Date of Earliest Transaction (MM/DD/YYYY)

1/9/2020
(Street)

VALENCIA, CA 91355
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 1/9/2020  D  123782 (1)D (1)0 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units  (2)1/9/2020  D     56499   (2) (2)Common Stock 56499 $0 0 D  
Performance Share Units  (3)1/9/2020  D     171754   (3) (3)Common Stock 171754 $0 0 D  
Employee Stock Options (right to buy) $9.55 1/9/2020  D     85830   (4)10/2/2027 Common Stock 85830  (5)0 D  

Explanation of Responses:
(1) Pursuant to that certain Agreement and Plan of Merger, dated August 8, 2019 (the "Merger Agreement") by and among Wolverine Intermediate Holding II Corporation ("Parent"), Wolverine Merger Corporation, and the Issuer, the Issuer became a wholly owned subsidiary of Parent upon consummation of the merger (the "Effective Time"). At the Effective Time, each share of the Issuer's Common Stock (including each restricted share) was automatically converted into the right to receive $11.05 in cash (the "Merger Consideration").
(2) At the Effective Time, each Restricted Stock Unit, whether vested or unvested, became fully vested and non-forfeitable and converted into a right to receive an amount in cash equal to the Merger Consideration.
(3) At the Effective Time each Performance Share Unit ("PSU") was cancelled and converted into a fully vested right to receive a cash amount equal to the Merger Consideration multiplied by the Applicable Percentage (as that term is defined in the Merger Agreement) of the target number of shares of Common Stock underlying the PSUs.
(4) These options vest in three equal installments on September 30, 2018, 2019 and 2020.
(5) At the Effective Time, each Employee Stock Option, whether vested or unvested, automatically converted into the right to receive cash in the amount equal to the amount the Merger Consideration exceeds the exercise price per share of such Employee Stock Option.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Renehan Todd
C/O WESCO AIRCRAFT HOLDINGS, INC.
24911 AVENUE STANFORD
VALENCIA, CA 91355
X
Chief Executive Officer

Signatures
/s/ John G. Holland, Attorney-in-fact1/13/2020
**Signature of Reporting PersonDate

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