Luden William Henry III 4
4 · ARI NETWORK SERVICES INC /WI · Filed Aug 31, 2017
Insider Transaction Report
Form 4
Luden William Henry III
Director
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2017-08-29−10,000→ 0 totalExercise: $1.51From: 2012-07-31Exp: 2022-03-21→ Common Stock (10,000 underlying) - Disposition to Issuer
Common Stock
2017-08-29$7.10/sh−112,596$799,432→ 0 total
Footnotes (2)
- [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]At the Effective Time of the Merger, outstanding options 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.