-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IGeuD5sJyOC1+tZv1SJy4nhUONCmMBDj+OVnNDCTOP2VM+xjpBPxUMXmedtbWLV6 8i0JJoVDgb+9J8O9hMsQSw== 0001209191-06-048196.txt : 20060830 0001209191-06-048196.hdr.sgml : 20060830 20060830173556 ACCESSION NUMBER: 0001209191-06-048196 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060825 FILED AS OF DATE: 20060830 DATE AS OF CHANGE: 20060830 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BROLING FRED W CENTRAL INDEX KEY: 0001092430 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-13198 FILM NUMBER: 061066218 MAIL ADDRESS: STREET 1: C/O U S PRECISION GLASS CO STREET 2: 1900 HOLMES ROAD CITY: ELGIN STATE: IL ZIP: 60123 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: MORTON INDUSTRIAL GROUP INC CENTRAL INDEX KEY: 0000064247 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS PRODUCTS, NEC [3089] IRS NUMBER: 380811650 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1021 WEST BIRCHWOOD STREET CITY: MORTON STATE: IL ZIP: 61550 BUSINESS PHONE: 3092667176 MAIL ADDRESS: STREET 1: 1021 WEST BIRCHWOOD STREET CITY: MORTON STATE: IL ZIP: 61550 FORMER COMPANY: FORMER CONFORMED NAME: MLX CORP /GA DATE OF NAME CHANGE: 19960823 FORMER COMPANY: FORMER CONFORMED NAME: MCLOUTH STEEL CORP DATE OF NAME CHANGE: 19850212 4 1 boc08147_boc1fwb.xml MAIN DOCUMENT DESCRIPTION X0202 4 2006-08-25 0000064247 MORTON INDUSTRIAL GROUP INC MGRP 0001092430 BROLING FRED W 1021 W. BIRCHWOOD ST. MORTON IL 61550 1 0 0 0 Class A Common Stock 2006-08-25 4 D 0 177778 10.00 D 0 D Stock Option (right to buy) 0.325 2006-08-25 4 D 0 20000 D 2012-06-17 Class A Common Stock 20000 0 D Stock Option (right to buy) 0.15 2006-08-25 4 D 0 75000 D 2013-02-26 Class A Common Stock 75000 0 D Director Shares (right to buy) 0 2006-08-25 4 D 0 3895 D Class A Common Stock 3895 0 D Disposed of in exchange for $1,777,780 pursuant to the merger agreement (the "Merger Agreement") between Issuer, MMC Precision Merger Corp. ("Merger Sub") and MMC Precision Holdings Corp. ("Holdings") in connection with the merger (the "Merger") of Issuer and Merger Sub. This option grant was exercisable as follows: 6,666 shares on 6/17/2003, 6,667 shares on 6/17/2004 and 6,667 shares on 6/17/2005. This option was canceled in the Merger in exchange for a cash payment of $193,500, representing the difference between the exercise price of the option and the $10.00 per share of Class A common stock payable by Holdings under the Merger Agreement on the effective date of the Merger ($9.675 per share). This option grant was exercisable as follows: 25,000 shares on 2/26/2004, 25,000 share on 2/26/2005 and 25,000 shares on 2/26/2006. This option was canceled in the Merger in exchange for a cash payment of $738,750, representing the difference between the exercise price of the option and the $10.00 per share of Class A common stock payable by Holdings under the Merger Agreement on the effective date of the Merger ($.85 per share). The Issuer's Non-Employee Directors' Compensation Plan provided for the issuance of 3,895 shares to the Reporting Person upon his retirement or other cessation as a director of the Issuer. Pursuant to the Merger Agreement, the right to these shares terminated in the Merger and converted into the right to receive $10.00 for each such share. Disposed of in the Merger in exchange for $38,950, pursuant to the Merger Agreement. /s/ Fred W. Broling 2006-08-28 -----END PRIVACY-ENHANCED MESSAGE-----