4//SEC Filing
Krueger Thomas A. 4
Accession 0000892482-23-000009
CIK 0000892482other
Filed
Feb 8, 7:00 PM ET
Accepted
Feb 9, 4:06 PM ET
Size
9.1 KB
Accession
0000892482-23-000009
Insider Transaction Report
Form 4
Qumu CorpQUMU
Krueger Thomas A.
Chief Financial Officer
Transactions
- Disposition to Issuer
Performance Stock Units
2023-02-08−25,500→ 0 total→ Common Stock (25,500 underlying) - Disposition to Issuer
Stock Option (Right-to-Buy)
2023-02-08−200,000→ 0 totalExercise: $2.12Exp: 2028-12-06→ Common Stock (200,000 underlying)
Footnotes (3)
- [F1]On December 19, 2022, the Issuer entered into an Agreement and Plan of Merger (the "Merger Agreement"), by and among the Issuer, Enghouse Interactive, Inc. and Cosmos Merger Sub, Inc. ("Purchaser"), providing for an offer by Purchaser to purchase all of the outstanding common stock of the Issuer (the "Offer") for $0.90 per share followed by a merger of Purchaser with and into the Issuer (the "Merger"), with the Issuer surviving as a wholly owned subsidiary of Enghouse Interactive, Inc.
- [F2]Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding award of restricted stock, restricted stock units and the earned portion of each performance stock unit award was vested as of immediately before the Effective Time and was canceled and converted into the right to receive an amount in cash, without interest and subject to any required withholding taxes, equal to $0.90 per share, multiplied by the number of shares of Common Stock subject to such award.
- [F3]Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding Company stock option, whether or not then exercisable or vested, was canceled and converted into the right to receive an amount in cash, without interest and subject to any required withholding taxes, equal to the excess, if any, of $0.90 per share over the per share exercise price applicable to such Company stock option, multiplied by the total number of shares subject to such Company stock option.
Documents
Issuer
Qumu Corp
CIK 0000892482
Entity typeother
Related Parties
1- filerCIK 0001896383
Filing Metadata
- Form type
- 4
- Filed
- Feb 8, 7:00 PM ET
- Accepted
- Feb 9, 4:06 PM ET
- Size
- 9.1 KB