COGAN GILL 4
4 · ELECTRONICS FOR IMAGING INC · Filed Jul 23, 2019
Insider Transaction Report
Form 4
COGAN GILL
Director
Transactions
- Exercise/Conversion
Common Stock
2019-07-23+7,709→ 95,302 total - Exercise/Conversion
Common Stock
2019-07-23+25,000→ 120,302 total - Disposition to Issuer
Common Stock
2019-07-23−120,302→ 0 total - Exercise/Conversion
Option Right to Buy
2019-07-23−25,000→ 0 totalExercise: $16.57→ Common Stock (25,000 underlying) - Exercise/Conversion
Restricted Stock Unit (RSU)
2019-07-23−7,709→ 0 total→ Common Stock (7,709 underlying)
Footnotes (3)
- [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").
- [F2]Each of these previously granted stock options represents a right to buy one share of the issuer's common stock at the price of $16.57 per share. Pursuant to the Merger Agreement, each option was automatically cancelled and converted into the right to receive the Merger Consideration less the per-share exercise price for each share subject to the option.
- [F3]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.