4//SEC Filing
PREMIERE GLOBAL SERVICES, INC. 4
Accession 0000880804-15-000073
CIK 0000880804operating
Filed
Dec 8, 7:00 PM ET
Accepted
Dec 9, 11:07 AM ET
Size
6.8 KB
Accession
0000880804-15-000073
Insider Transaction Report
Form 4
Guthrie David M
Chief Technology Officer
Transactions
- Disposition to Issuer
Common Stock
2015-12-08$14.00/sh−185,513$2,597,182→ 0 total
Footnotes (3)
- [F1]Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of September 10, 2015, by and among Pangea Private Holdings, II, LLC, a Delaware limited liability company ("Parent"), Pangea Merger Sub, Inc., a Georgia corporation and wholly owned subsidiary of Parent ("Merger Sub"), and Premiere Global Services, Inc. (the "Company"), on December 8, 2015 (the "Effective Date"), Merger Sub merged with and into the Company, with the Company surviving as a wholly owned subsidiary of Parent.
- [F2]Pursuant to the Merger Agreement, on the Effective Date, (i) each outstanding share of the Company's common stock was converted into the right to receive a cash payment of $14.00 (the "Merger Consideration") and (ii) each share of the Company's common stock subject to time-based vesting restrictions that was outstanding immediately prior to the Effective Date became fully vested and nonforfeitable and was converted into the right to receive the Merger Consideration, less the amount of any required withholding tax.
- [F3]Pursuant to the Merger Agreement, on the Effective Date, each share of the Company's common stock subject to performance-based vesting restrictions that was outstanding immediately prior to the Effective Date became vested and nonforfeitable based upon (x) an assumed achievement of 100% of the performance goals, if the Effective Date occurred during the first half of the applicable performance period, or (y) the actual level of achievement of the performance goals, measured as of September 30, 2015, if the Effective Date occurred during the second half of the applicable performance period and such vested performance shares were converted into the right to receive the Merger Consideration, less the amount of any required withholding tax.
Documents
Issuer
PREMIERE GLOBAL SERVICES, INC.
CIK 0000880804
Entity typeoperating
IncorporatedGA
Related Parties
1- filerCIK 0000880804
Filing Metadata
- Form type
- 4
- Filed
- Dec 8, 7:00 PM ET
- Accepted
- Dec 9, 11:07 AM ET
- Size
- 6.8 KB