Imprivata Inc 4
4 · Imprivata Inc · Filed Sep 20, 2016
Insider Transaction Report
Form 4
Imprivata IncIMPR
BLAESER JOHN A
Director
Transactions
- Disposition from Tender
Restricted Stock Units
2016-09-16$19.25/sh−4,363$83,988→ 0 totalExercise: $0.00From: 2016-09-16Exp: 2016-09-30→ Common Stock (4,363 underlying) - Disposition to Issuer
Common Stock
2016-09-16−100,219→ 0 total
Footnotes (3)
- [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]Restricted stock units held pursuant to Imprivata's 2014 Restricted Stock Unit Award Agreement.