0000899243-22-012666.txt : 20220329
0000899243-22-012666.hdr.sgml : 20220329
20220329163112
ACCESSION NUMBER: 0000899243-22-012666
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220329
FILED AS OF DATE: 20220329
DATE AS OF CHANGE: 20220329
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Scally Celina M.
CENTRAL INDEX KEY: 0001844385
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40053
FILM NUMBER: 22781315
MAIL ADDRESS:
STREET 1: C/O APRIA, INC.
STREET 2: 7353 COMPANY DRIVE
CITY: INDIANAPOLIS
STATE: IN
ZIP: 46237
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Apria, Inc.
CENTRAL INDEX KEY: 0001735803
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HOME HEALTH CARE SERVICES [8082]
IRS NUMBER: 824937641
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 7353 COMPANY DRIVE
CITY: INDIANAPOLIS
STATE: IN
ZIP: 46237
BUSINESS PHONE: 800-990-9799
MAIL ADDRESS:
STREET 1: 7353 COMPANY DRIVE
CITY: INDIANAPOLIS
STATE: IN
ZIP: 46237
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2022-03-29
1
0001735803
Apria, Inc.
APR
0001844385
Scally Celina M.
C/O APRIA INC.
7353 COMPANY DRIVE
INDIANAPOLIS
IN
46237
0
1
0
0
SVP, CHRO
Common Stock
2022-03-29
4
D
0
4438
37.50
D
0
D
Stock Appreciation Rights
2.07
2022-03-29
4
D
0
9373
35.43
D
2027-03-09
Common Stock
9373
0
D
Stock Appreciation Rights
4.67
2022-03-29
4
D
0
163
32.83
D
2027-03-09
Common Stock
163
0
D
Stock Appreciation Rights
5.33
2022-03-29
4
D
0
17249
32.17
D
2029-10-08
Common Stock
17249
0
D
Stock Appreciation Rights
5.33
2022-03-29
4
D
0
22999
32.17
D
2030-05-12
Common Stock
22999
0
D
Stock Appreciation Rights
8.28
2022-03-29
4
D
0
17714
29.22
D
2025-02-20
Common Stock
17714
0
D
Stock Appreciation Rights
8.28
2022-03-29
4
D
0
28968
29.22
D
2025-06-05
Common Stock
28968
0
D
Stock Appreciation Rights
8.28
2022-03-29
4
D
0
16889
29.22
D
2027-03-09
Common Stock
16889
0
D
Stock Appreciation Rights
8.28
2022-03-29
4
D
0
5750
29.22
D
2029-10-08
Common Stock
5750
0
D
Restricted Stock Units
2022-03-29
4
D
0
3541
37.50
D
Common Stock
3541
0
D
LTIP Units
2022-03-29
4
A
0
6784
0.00
A
Common Stock
6784
6784
D
LTIP Units
2022-03-29
4
D
0
6784
37.50
D
Common Stock
6784
0
D
Performance-based Restricted Stock Units
2022-03-29
4
A
0
7082
0.00
A
Common Stock
7082
7082
D
Performance-based Restricted Stock Units
2022-03-29
4
D
0
7082
37.50
D
Common Stock
7082
0
D
On March 29, 2022, Owens & Minor, Inc. ("Owens & Minor") acquired the Issuer pursuant to a certain Agreement and Plan of Merger, dated as of January 7, 2022 (the "Merger Agreement"), by and among the Issuer, Owens & Minor and StoneOak Merger Sub Inc., an indirect, wholly owned subsidiary of Owens & Minor ("Merger Sub"). In accordance with the Merger Agreement, Merger Sub merged with and into the Issuer (the "Merger") with the Issuer surviving the Merger as an indirect, wholly owned subsidiary of Owens & Minor. At the effective time of the Merger, each issued and outstanding share of the Issuer's Common Stock (other than certain excluded shares) automatically converted into the right to receive $37.50 per share in cash (the "Merger Consideration"), without interest and subject to applicable withholding tax.
Pursuant to the Merger Agreement, these fully vested stock appreciation rights were canceled and entitled the holder to receive an amount of cash, without interest and subject to deduction for any required tax withholding, equal to the difference between the conversion price of the stock appreciation right and the Merger Consideration multiplied by the number of shares of Common Stock subject to such stock appreciation right, immediately prior to the effective time of the Merger.
Pursuant to the Merger Agreement, these stock appreciation rights which originally provided for vesting in equal quarterly installments until August 15, 2024, became fully vested and canceled and entitled the holder to receive an amount of cash, without interest and subject to deduction for any required tax withholding, equal to the difference between the conversion price of the stock appreciation right and the Merger Consideration multiplied by the number of shares of Common Stock subject to such stock appreciation right, immediately prior to the effective time of the Merger.
Pursuant to the Merger Agreement, these stock appreciation rights which originally provided for vesting as follows: (a) 20% vest on May 12, 2021, and (b) the remaining to vest in equal quarterly installments ending on May 12, 2025, became fully vested and canceled and entitled the holder to receive an amount of cash, without interest and subject to deduction for any required tax withholding, equal to the difference between the conversion price of the stock appreciation right and the Merger Consideration multiplied by the number of shares of Common Stock subject to such stock appreciation right, immediately prior to the effective time of the Merger.
Represents a contingent right to receive one share of the Issuer's Common Stock payable in Common Stock, cash or a combination thereof at the discretion of the Issuer's Compensation Committee.
Pursuant to the Merger Agreement, each restricted stock unit ("RSU") became fully vested and cancelled and entitled the holder to receive an amount of cash, without interest and subject to deduction for any required tax withholding, equal to the number of shares of Common Stock subject to such RSU, immediately prior to the effective time of the Merger, multiplied by the Merger Consideration.
Represents RSUs granted in 2021, which were originally scheduled to vest in three equal annual installments beginning on June 10, 2022.
In connection with the Merger, certain performance-based Restricted Stock Units ("PSUs") and long-term incentive plan units ("LTIP") were vested and cancelled and entitled the holder to receive an amount of cash, without interest and subject to deduction for any required tax withholding, equal to the number of shares of Common Stock subject to such PSU or LTIP, as applicable, immediately prior to the effective time of the Merger, multiplied by the Merger Consideration.
Represents LTIP awards granted in 2020 which were originally scheduled to vest in equal quarterly installments beginning on March 31, 2020, subject to the satisfaction of certain performance criteria as determined at the end of the three year performance period.
Represents PSUs granted in 2021 pursuant to the Issuer's 2021 omnibus incentive plan, which were originally scheduled to vest based on the achievement of certain performance criteria.
/s/ Debra L. Morris, as Attorney-in-Fact
2022-03-29