NURTHEN WILLIAM 4
4 · ARI NETWORK SERVICES INC /WI · Filed Aug 31, 2017
Insider Transaction Report
Form 4
NURTHEN WILLIAM
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2017-08-29+22,000→ 77,870 total - Exercise/Conversion
Restricted Stock
2017-08-29−22,000→ 33,000 totalExercise: $0.00Exp: 2019-03-04→ Common Stock (22,000 underlying) - Disposition to Issuer
Common Stock
2017-08-29$7.10/sh−77,870$552,877→ 0 total - Disposition to Issuer
Restricted Stock
2017-08-29−33,000→ 0 totalExercise: $0.00→ Common Stock (33,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2017-08-29−75,000→ 0 totalExercise: $3.25From: 2014-07-31Exp: 2024-01-10→ Common Stock (75,000 underlying)
Footnotes (4)
- [F1]Pursuant to the Agreement and Plan of Merger (the "Merger Agreement") dated June 20, 2017 among the Issuer, Expedition Holdings LLC ("Parent") and Expedition Merger Sub, Inc., at the effective time (the "Effective Time") of the merger (the "Merger") contemplated under the Merger Agreement, each unvested share of restricted stock of the Issuer vested, and each share of Issuer common stock converted into the right to receive $7.10 in cash.
- [F2]22,000 shares of performance-based restricted stock vested in connection with the Merger.
- [F3]33,000 outstanding shares of performance-based restricted stock were cancelled in connection with the Merger.
- [F4]At the Effective Time of the Merger, outstanding options to purchase shares of Issuer common stock were cancelled and converted into the right to receive, for each share of Issuer common stock subject to the option, an amount in cash equal to (x) $7.10, minus (y) the sum of (1) the exercise price per share of common stock of such option, and (2) any applicable withholding amounts, except that the Reporting Person's options with respect to 27,662 shares were rolled over to options to acquire 196,400 units of an affiliate of the Parent at an exercise price of $0.458 per unit.