0001209191-15-049147.txt : 20150602
0001209191-15-049147.hdr.sgml : 20150602
20150602183418
ACCESSION NUMBER: 0001209191-15-049147
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20150529
FILED AS OF DATE: 20150602
DATE AS OF CHANGE: 20150602
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Exelis Inc.
CENTRAL INDEX KEY: 0001524471
STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669]
IRS NUMBER: 452083813
STATE OF INCORPORATION: IN
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1650 TYSONS BOULEVARD
STREET 2: SUITE 1700
CITY: MCLEAN
STATE: VA
ZIP: 22102
BUSINESS PHONE: 703-790-6300
MAIL ADDRESS:
STREET 1: 1650 TYSONS BOULEVARD
STREET 2: SUITE 1700
CITY: MCLEAN
STATE: VA
ZIP: 22102
FORMER COMPANY:
FORMER CONFORMED NAME: ITT DCO, Inc.
DATE OF NAME CHANGE: 20110628
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Milligan Peter J
CENTRAL INDEX KEY: 0001531049
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35228
FILM NUMBER: 15908308
MAIL ADDRESS:
STREET 1: 1650 TYSONS BOULEVARD
STREET 2: SUITE 1700
CITY: MCLEAN
STATE: VA
ZIP: 22102
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2015-05-29
1
0001524471
Exelis Inc.
XLS
0001531049
Milligan Peter J
1650 TYSONS BOULEVARD
SUITE 1700
MCLEAN
VA
22102
0
1
0
0
Chief Financial Officer
Common Stock
2015-05-29
4
D
0
191744
D
0
D
Employee Stock Option (Right to Buy)
6.92
2015-05-29
4
D
0
17778
17.79
D
2016-03-05
Common Stock
17778
0
D
Employee Stock Option (Right to Buy)
11.15
2015-05-29
4
D
0
13698
13.56
D
2020-03-05
Common Stock
13698
0
D
Employee Stock Option (Right to Buy)
12.02
2015-05-29
4
D
0
27782
12.69
D
2021-03-03
Common Stock
27782
0
D
Employee Stock Option (Right to Buy)
10.07
2015-05-29
4
D
0
399146
14.64
D
2021-11-07
Common Stock
399146
0
D
Employee Stock Option (Right to Buy)
10.29
2015-05-29
4
D
0
208533
14.42
D
2022-03-06
Common Stock
208533
0
D
Employee Stock Option (Right to Buy)
10.22
2015-05-29
4
D
0
223038
14.49
D
2023-03-08
Common Stock
223038
0
D
Employee Stock Option (Right to Buy)
19.16
2015-05-29
4
D
0
44585
5.55
D
2024-03-06
Common Stock
44585
0
D
Includes (a) 104,415 shares of issuer common stock disposed of pursuant to a merger agreement between the issuer and Harris Corporation in exchange for (i) .1025 shares of common stock of Harris Corporation (market value of $8.12 per .1025 shares of common stock of Harris Corporation) and (ii) cash consideration of $16.625 per issuer share, (b) 43,670 restricted stock units disposed of for $1,079,085.70, plus accrued dividend equivalents, representing the market value of the issuer's common stock on the effective date of the merger ($24.71), and (c) 3,468 restricted stock units granted during 2015 and disposed of, on a pro-rated basis, for approximately $85,694.28, plus accrued dividend equivalents, reflecting the market value of the issuer's shares on the effective date of the merger ($24.71). This amount reflects post-Vectrus, Inc. spin-off share amounts (following the Vectrus spin-off, Issuer restricted stock units were adjusted to preserve their pre-spin-off value).
This option, which was fully vested, ceased to be outstanding and was cancelled in the merger in exchange for a cash payment of $316,270.62, representing the difference between the exercise price of the option and the market value common stock of the issuer on the effective date of the merger ($24.71 per share). The number of shares subject to the option and the exercise price reflect post-Vectrus, Inc. spin-off holdings (following the Vectrus spin-off, Issuer options were adjusted to preserve their pre-spin-off value).
This option, which was fully vested, ceased to be outstanding and was cancelled in the merger in exchange for a cash payment of $185,744.88, representing the difference between the exercise price of the option and the market value common stock of the issuer on the effective date of the merger ($24.71 per share). The number of shares subject to the option and the exercise price reflect post-Vectrus, Inc. spin-off holdings (following the Vectrus spin-off, Issuer options were adjusted to preserve their pre-spin-off value).
This option, which was fully vested, ceased to be outstanding and was cancelled in the merger in exchange for a cash payment of $352,553.58, representing the difference between the exercise price of the option and the market value common stock of the issuer on the effective date of the merger ($24.71 per share). The number of shares subject to the option and the exercise price reflect post-Vectrus, Inc. spin-off holdings (following the Vectrus spin-off, Issuer options were adjusted to preserve their pre-spin-off value).
This option, which was fully vested, ceased to be outstanding and was cancelled in the merger in exchange for a cash payment of $5,843,497.44, representing the difference between the exercise price of the option and the market value common stock of the issuer on the effective date of the merger ($24.71 per share). The number of shares subject to the option and the exercise price reflect post-Vectrus, Inc. spin-off holdings (following the Vectrus spin-off, Issuer options were adjusted to preserve their pre-spin-off value).
This option, which was fully vested, ceased to be outstanding and was cancelled in the merger in exchange for a cash payment of $3,007,045.86, representing the difference between the exercise price of the option and the market value common stock of the issuer on the effective date of the merger ($24.71 per share). The number of shares subject to the option and the exercise price reflect post-Vectrus, Inc. spin-off holdings (following the Vectrus spin-off, Issuer options were adjusted to preserve their pre-spin-off value).
This option, which provided for vesting in three equal installments beginning on March 8, 2014, ceased to be outstanding and was cancelled in the merger in exchange for a cash payment of $3,231,820.62, representing the difference between the exercise price of the option and the market value common stock of the issuer on the effective date of the merger ($24.71 per share). The number of shares subject to the option and the exercise price reflect post-Vectrus, Inc. spin-off holdings (following the Vectrus spin-off, Issuer options were adjusted to preserve their pre-spin-off value).
This option, which provided for vesting in three equal installments beginning on March 6, 2015, ceased to be outstanding and was cancelled in the merger in exchange for a cash payment of $247,446.75, representing the difference between the exercise price of the option and the market value common stock of the issuer on the effective date of the merger ($24.71 per share). The number of shares subject to the option and the exercise price reflect post-Vectrus, Inc. spin-off holdings (following the Vectrus spin-off, Issuer options were adjusted to preserve their pre-spin-off value).
Rachel L. Semanchik, as Attorney-in-Fact
2015-06-02