OUTERWALL INC 4
4 · OUTERWALL INC · Filed Sep 27, 2016
Insider Transaction Report
Form 4
OUTERWALL INCOUTR
Krug Dana
Senior VP, Sales
Transactions
- Award
Common Stock
2016-09-27+3,871→ 10,416 total - Disposition from Tender
Common Stock
2016-09-27$52.00/sh−10,416$541,632→ 0 total - Disposition from Tender
Common Stock
2016-09-23$52.00/sh−1,151$59,852→ 6,545 total
Footnotes (3)
- [F1]Pursuant to the terms of the Agreement and Plan of Merger, dated July 24, 2016, by and among Outerwall Inc. ("Issuer"), Aspen Parent, Inc., Aspen Merger Sub, Inc., Redwood Merger Sub, Inc. and Redbox Automated Retail, LLC (the "Merger Agreement"), on August 5, 2016, Aspen Merger Sub, Inc. made an offer (the "Offer") to purchase each outstanding share of the Issuer's common stock for $52.00 per share, in cash, without interest (the "Merger Consideration"). The shares shown on this line were tendered in the Offer.
- [F2]Pursuant the Merger Agreement, each outstanding share of common stock of Issuer at the Effective Time (as defined in the Merger Agreement) was converted into the right to receive the Merger Consideration.
- [F3]These shares were granted pursuant to performance-based restricted stock awards deemed earned at target pursuant to the terms of the Merger Agreement.