Imprivata Inc 4
4 · Imprivata Inc · Filed Sep 20, 2016
Insider Transaction Report
Form 4
Imprivata IncIMPR
HALAMKA JOHN MD MS
Director
Transactions
- Disposition from Tender
Stock Options (Right to Buy)
2016-09-16$14.61/sh−70,000$1,022,700→ 0 totalExercise: $4.64From: 2016-09-16Exp: 2021-09-30→ Common Stock (70,000 underlying) - Disposition from Tender
Restricted Stock Units
2016-09-16$19.25/sh−4,363$83,988→ 0 totalExercise: $0.00From: 2016-09-16Exp: 2021-09-30→ Common Stock (4,363 underlying) - Disposition to Issuer
Common Stock
2016-09-16−6,557→ 0 total
Footnotes (5)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger between the Issuer, Project Brady Merger Sub, Inc., and Project Brady Holdings, LLC (the "Merger Agreement"), whereby, at the effective time of the merger contemplated therein (the "Effective Time"), all issued and outstanding shares of the Issuer's common stock were converted into the right to receive $19.25 per share in cash and when so converted, automatically cancelled.
- [F2]Pursuant to the terms of the Agreement and Plan of Merger by and among Imprivata, Inc., Project Brady Merger Sub, Inc., and Project Brady Holdings, LLC, dated July 13, 2016, each restricted stock unit that is outstanding as of the Effective Time shall immediately accelerate in full in connection with the transaction and in consideration of the right to receive $19.25 per restricted stock unit.
- [F3]Pursuant to the terms of the Agreement and Plan of Merger by and among Imprivata, Inc., Project Brady Merger Sub, Inc., and Project Brady Holdings, LLC, dated July 13, 2016, each unvested Company Common Stock Option shall immediately vest and become exercisable immediately prior to the Closing. At the Effective Time, each Company Common Stock Option having a per share exercise price less than $19.25 shall be cancelled for the right to receive in cash an amount per share equal to $19.25 less the exercise price.
- [F4]Restricted stock units held under 2014 Restricted Stock Unit Agreement.
- [F5]Stock options units held under 2002 Non-Qualified Stock Option Agreement.