OLIN MARC D 4
4 · ELECTRONICS FOR IMAGING INC · Filed Jul 23, 2019
Insider Transaction Report
Form 4
OLIN MARC D
CHIEF FINANCIAL OFFICER
Transactions
- Disposition to Issuer
Common Stock
2019-07-23−245,732→ 0 total - Exercise/Conversion
Common Stock
2019-07-23+143,099→ 245,732 total - Exercise/Conversion
Restricted Stock Unit (RSU)
2019-07-23−143,099→ 0 total→ Common Stock (143,099 underlying)
Footnotes (2)
- [F1]Each restricted stock unit ("RSU") represented the right to receive, upon vesting of the unit, one share of the issuer's common stock. Pursuant to the Agreement and Plan of Merger by and among East Private Holdings II, LLC, East Merger Sub, Inc., and Electronics for Imaging, Inc., dated as of April 14, 2019 (the "Merger Agreement" and the transaction contemplated therein, the "Merger"), each of these RSUs was automatically cancelled and converted into the right to receive an amount in cash equal to $37.00 (the "Merger Consideration"). As provided in the Merger Agreement, a portion of these RSUs were payable at the closing of the Merger, and the right to receive the Merger Consideration as to the balance of the RSUs remained subject to time-based and, in certain cases, performance-based vesting requirements following the Merger.
- [F2]These shares were disposed of pursuant to the Merger Agreement, whereby each share of the issuer's common stock was automatically cancelled and converted into the right to receive the Merger Consideration.