Dugan Michael R 4
4 · GP STRATEGIES CORP · Filed Oct 18, 2021
Insider Transaction Report
Form 4
Dugan Michael R
Chief Financial Officer
Transactions
- Disposition to Issuer
Common Stock
2021-10-14$20.85/sh−67,024$1,397,450→ 0 total - Disposition to Issuer
Common Stock
2021-10-14$20.85/sh−14,127$294,548→ 67,024 total - Disposition to Issuer
Common Stock
2021-10-14$20.85/sh−2,456$51,208→ 0 total(indirect: By 401(k))
Footnotes (3)
- [F1]On July 15, 2021, the Issuer entered into an Agreement and Plan of Merger (the "Merger Agreement") with Learning Technologies Group plc, a public limited company incorporated in England and Wales ("LTG"), Learning Technologies Acquisition Corporation, a Delaware corporation and direct wholly owned subsidiary of LTG ("US Holdco"), and Gravity Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of US Holdco ("Merger Sub"), pursuant to which each share of common stock of the Issuer was converted into the right to receive a cash payment equal to the per share merger consideration of $20.85.
- [F2]Reflects Performance Stock Units that, upon closing of the Merger, were converted into the right to receive a cash payment from LTG on December 1, 2022, subject to Mr. Dugan's continued employment through such date.
- [F3]Represents 6,548 shares of common stock of the Issuer disposed of pursuant to the Merger Agreement, 15,767 Restricted Stock Units disposed of pursuant to the Merger Agreement and 44,709 Performance Stock Units disposed of pursuant to the Merger Agreement.