0001209191-16-147850.txt : 20161102
0001209191-16-147850.hdr.sgml : 20161102
20161102150741
ACCESSION NUMBER: 0001209191-16-147850
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20161101
FILED AS OF DATE: 20161102
DATE AS OF CHANGE: 20161102
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PROVIDENCE & WORCESTER RAILROAD CO/RI/
CENTRAL INDEX KEY: 0000831968
STANDARD INDUSTRIAL CLASSIFICATION: RAILROADS, LINE-HAUL OPERATING [4011]
IRS NUMBER: 050344399
STATE OF INCORPORATION: RI
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 75 HAMMOND ST
CITY: WORCESTER
STATE: MA
ZIP: 01610
BUSINESS PHONE: 5087554000
MAIL ADDRESS:
STREET 1: PROVIDENCE & WORCESTER RAILROAD CO
STREET 2: 75 HAMMOND STREET
CITY: WORCESTER
STATE: MA
ZIP: 01610
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: CONTI P SCOTT
CENTRAL INDEX KEY: 0001193985
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-12761
FILM NUMBER: 161967583
MAIL ADDRESS:
STREET 1: 75 HAMMOND STREET
CITY: WORCESTER
STATE: MA
ZIP: 01610
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2016-11-01
1
0000831968
PROVIDENCE & WORCESTER RAILROAD CO/RI/
PWX
0001193985
CONTI P SCOTT
75 HAMMOND STREET
WORCESTER
MA
01610
1
1
0
0
President and COO
Common Stock
2016-11-01
4
M
0
12000
A
24846
D
Common Stock
2016-11-01
4
D
0
12000
25.00
D
12846
D
Common Stock
2016-11-01
4
D
0
12846
25.00
D
0
D
Stock Option (right to buy)
13.70
2016-11-01
4
D
0
8000
11.30
D
2017-01-18
2026-01-18
Common Stock
8000
0
D
Stock Option (right to buy)
18.09
2016-11-01
4
D
0
838
6.91
D
2015-07-02
2025-01-02
Common Stock
838
0
D
Stock Option (right to buy)
19.55
2016-11-01
4
D
0
844
5.45
D
2014-07-02
2024-01-02
Common Stock
844
0
D
Stock Option (right to buy)
13.96
2016-11-01
4
D
0
704
11.04
D
2013-07-02
2023-01-02
Common Stock
704
0
D
Stock Option (right to buy)
11.40
2016-11-01
4
D
0
716
13.60
D
2012-07-03
2022-01-03
Common Stock
716
0
D
Stock Option (right to buy)
16.75
2016-11-01
4
D
0
715
8.25
D
2011-07-03
2021-01-03
Common Stock
715
0
D
Stock Option (right to buy)
10.75
2016-11-01
4
D
0
618
14.25
D
2010-07-04
2020-01-04
Common Stock
618
0
D
Stock Option (right to buy)
11.99
2016-11-01
4
D
0
570
13.01
D
2009-07-02
2019-01-02
Common Stock
570
0
D
Stock Option (right to buy)
16.72
2016-11-01
4
D
0
465
8.28
D
2008-07-02
2018-01-02
Common Stock
465
0
D
Stock Option (right to buy)
19.50
2016-11-01
4
D
0
440
5.50
D
2007-07-02
2017-01-02
Common Stock
440
0
D
Restricted Stock Unit
2016-11-01
4
M
0
12000
D
2025-01-03
Common Stock
12000
0
D
Each Restricted Stock Unit represented the contingent right to receive one share of the Company's stock upon achieving certain performance goals. In connection with the merger, each Restricted Stock Unit was cancelled for cash in the amount of $25.00 per share, for total consideration of $300,000.00.
Disposed of for $25.00 per share in cash pursuant to the terms of the Merger Agreement, dated August 12, 2016 (the "Merger Agreement", among Providence and Worcester Railroad Company (the "Company"), Genesee & Wyoming Inc. ("G&W"), and Pullman Acquisition Sub Inc. ("Pullman"), whereby Pullman merged with and into the Company, whereupon the separate corporate existence of Pullman ceased and the Company became a wholly-owned subsidiary of G&W.
This non-qualified stock option grant, which provided for vesting in annual installments of 10% on January 18, 2017, 10% on January 18, 2018, 20% on January 18, 2019, 30% on January 18, 2020 and 30% on January 18, 2021, was cancelled in accordance with the merger of Pullman with and into the Company pursuant to the terms of the Merger Agreement.
This option was cancelled pursuant to the terms of the Merger Agreement.
The reporting person received $90,400.00 as consideration for the cancellation.
The reporting person received $5,790.58 as consideration for the cancellation.
The reporting person received $4,599.80 as consideration for the cancellation.
The reporting person received $2,980.80 as consideration for the cancellation.
The reporting person received $9,737.60 as consideration for the cancellation.
The reporting person received $5,898.75 as consideration for the cancellation.
The reporting person received $8,806.50 as consideration for the cancellation.
The reporting person received $7,415.70 as consideration for the cancellation.
The reporting person received $3,850.20 as consideration for the cancellation.
The reporting person received $2,420.00 as consideration for the cancellation.
/s/ P. Scott Conti
2016-11-02