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NN INC — Director's Dealing 2014
Sep 8, 2014
34157_dirs_2014-09-08_8118f50e-1748-4ba1-91ff-0890ff53656a.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: NN INC (NNBR)
CIK: 0000918541
Period of Report: 2014-08-29
Reporting Person: KENNEDY JOHN C (Director)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1088956 | Direct |
| Common Stock | 100 | Indirect |
| Common Stock | 20 | Indirect |
Footnotes
F1: The Reporting Person acquired 1,086,956 shares of issuer common stock in exchange for the Reporting Person's equity interest in Autocam Corporation, a Michigan corporation ("Autocam"), which merged into a subsidiary of the issuer (the "Merger") pursuant to the terms of that certain Agreement and Plan of Merger (the "Merger Agreement") among the issuer, PMC Global Acquisition Corporation, a Michigan corporation, Autocam, Newport Global Advisors, L.P., a Delaware limited partnership, and the Reporting Person. (Continued to footnote 2)
F2: The shares of issuer common stock were issued at a fixed value of $23 per share. 652,174 shares of issuer common stock are currently being held in escrow and are subject to forfeiture to satisfy claims arising due to any post-closing purchase price adjustment made pursuant to the Merger Agreement or due to Autocam's breach of any of its representations, warranties or covenants in the Merger Agreement. The Reporting Person became a Section 16 reporting person after the effective time of the merger.