SOLERA HOLDINGS, INC 4
4 · SOLERA HOLDINGS, INC · Filed Mar 7, 2016
Insider Transaction Report
Form 4
Lauk Kurt J
Director
Transactions
- Disposition to Issuer
Common Stock, par value $0.01
2016-03-03$55.85/sh−12,788$714,210→ 0 total
Footnotes (2)
- [F1]11,868 shares of the Company's common stock, par value $0.01 per share ("Share") were disposed pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of September 13, 2015, by and among the Issuer, Summertime Holding Corp. ("Parent") and Summertime Acquisition Corp. in which, at the effective time of the Merger (as defined in the Merger Agreement), each Share (other than Excluded Shares (as defined in the Merger Agreement)) was cancelled and converted into the right to receive the merger consideration of $55.85 per Share.
- [F2]920 restricted stock units were disposed pursuant to the Merger Agreement in which, at the effective time of the Merger, any vesting conditions applicable to a restricted stock unit were accelerated and such restricted stock unit was cancelled and converted into the right to receive an amount in cash equal to the product of (i) the number of Shares, subject to such restricted stock unit multiplied by (ii) the merger consideration of $55.85 per Share.