FURMANITE CORP 4
4 · FURMANITE CORP · Filed Mar 2, 2016
Insider Transaction Report
Form 4
Ralph Patitucci
Director
Transactions
- Disposition to Issuer
Common stock
2016-02-29−51,000→ 0 total
Footnotes (1)
- [F1]Pursuant to the terms of the Agreement and Plan of Merger, dated November 1, 2015, by and among Furmanite Corporation, Team, Inc. and TFA, Inc. (the "Merger Agreement"), upon consummation of the merger as contemplated by the Merger Agreement, each share of Furmanite Corporation common stock was converted into the right to receive 0.215 shares of Team, Inc. common stock, with cash paid for any fractional shares. Additionally, at such time, all restricted shares became vested in full and free of restrictions.