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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
| 1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (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) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Stock Options | $ 6.59 | 10/13/2015 | D | 15,000 | (6) | 12/27/2016 | Common Stock | 15,000 | $ 0.54 (6) | 0 | D | ||||
| Stock Options | $ 6.01 | 10/13/2015 | D | 15,000 | (7) | 05/10/2017 | Common Stock | 15,000 | $ 1.12 (7) | 0 | D | ||||
| Stock Options | $ 1.47 | 10/13/2015 | D | 225,000 | (8) | 08/18/2018 | Common Stock | 225,000 | $ 5.66 (8) | 0 | D | ||||
| Stock Options | $ 6.33 | 10/13/2015 | D | 225,000 | (9) | 02/28/2018 | Common Stock | 225,000 | $ 0.8 (9) | 0 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| RECK RICHARD A 350 NORTH ORLEANS STREET, FIRST FLOOR CHICAGO, IL 60654 |
X | |||
| /s/ Julie Ann B. Schumitsch, by Power of Attorney for Richard A. Reck | 10/15/2015 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Disposed of pursuant to the Agreement and Plan of Merger dated as of August 6, 2015, by and among International Business Machines Corporation, Datong Acquisition Corp. and Issuer, Merge Healthcare Incorporated (the "Merger"), in which the Issuer's holders of common stock, as of the effective time of the Merger, October 13, 2015, were entitled to receive $7.13 per share of common stock (the "Merger Consideration"). |
| (2) | Shares of Common Stock held by the Richard A. Reck Trust, for the benefit of Mr. Reck, of which Mr. Reck is the trustee, the beneficial ownership of which Mr. Reck disclaims. |
| (3) | Shares of Common Stock held by the Alan C. Reck Trust, for the benefit of Mr. Reck's adult son, of which the grandparents of Mr. Reck's adult son are the grantors and Mr. Reck is the trustee; the beneficial ownership of which Mr. Reck disclaims. |
| (4) | This Restricted Stock Award ("RSA") granted pursuant to the 2005 Equity Incentive Plan (a Rule 16b-3 shareholder approved employee benefit plan) of Issuer, provided for the restrictions on such shares to lapse with such shares becoming immediately and fully vested on June 17, 2016, subject to additional terms and conditions as set forth in the Reporting Person's RSA agreement. Pursuant to the Merger, the shares outstanding under the RSA were cancelled in exchange for the Merger Consideration. |
| (5) | This Restricted Stock Award ("RSA") granted pursuant to the 2005 Equity Incentive Plan (a Rule 16b-3 shareholder approved employee benefit plan) of Issuer, provided for the restrictions on such shares to lapse with such shares becoming immediately and fully vested to the extent of one fourth of such shares on each of September 17, 2015, December 17, 2015, March 17, 2016 and June 17, 2016, as set forth in the Reporting Person's RSA agreement. Pursuant to the Merger, the remaining shares outstanding under the RSA were cancelled in exchange for a cash payment equal to the Merger Consideration. |
| (6) | This Nonqualified Stock Option granted on December 28, 2006, which vested on the date of grant, was cancelled at the effective time of the Merger in exchange for a cash payment of $8,100, representing the difference between the exercise price of the option and the Merger Consideration. |
| (7) | This Nonqualified Stock Option granted on May 11, 2007, which vested in four (4) equal installments to purchase 3,750 shares of Common Stock on each of June 30, 2007, September 30, 2007, December 31, 2007 and March 31, 2008, was cancelled at the effective time of the Merger in exchange for a cash payment of $16,800, representing the difference between the exercise price of the option and the Merger Consideration. |
| (8) | This Nonqualified Stock Option granted on August 19, 2008, which vested in sixteen (16) equal quarterly increments to purchase 14,062.5 shares of Common Stock, with the first increment vesting on August 19, 2008, and then subsequent increments vesting on November 30, February 28, May 31 and August 31 thereafter, was cancelled at the effective time of the Merger in exchange for a cash payment of $1,273,500, representing the difference between the exercise price of the option and the Merger Consideration. |
| (9) | This Nonqualified Stock Option granted on March 1, 2012, which vested in four (4) equal annual installments to purchase 56,250 shares of Common Stock on each of March 1, 2013, March 1, 2014, March 1, 2015 and March 1, 2016, was cancelled at the effective time of the Merger in exchange for a cash payment of $180,000, representing the difference between the exercise price of the option and the Merger Consideration. |