OUTERWALL INC 4
4 · OUTERWALL INC · Filed Sep 27, 2016
Insider Transaction Report
Form 4
OUTERWALL INCOUTR
ESKENAZY DAVID M
Director
Transactions
- Disposition from Tender
Stock Option (right to buy)
2016-09-27−1,381→ 0 totalExercise: $52.09Exp: 2021-06-01→ Common Stock (1,381 underlying) - Disposition from Tender
Stock Option (right to buy)
2016-09-27−1,226→ 0 totalExercise: $61.01Exp: 2022-06-07→ Common Stock (1,226 underlying) - Disposition from Tender
Common Stock
2016-09-23$52.00/sh−7,150$371,800→ 2,601 total - Disposition from Tender
Stock Option (right to buy)
2016-09-27−1,278→ 0 totalExercise: $59.08Exp: 2023-06-27→ Common Stock (1,278 underlying) - Disposition from Tender
Common Stock
2016-09-27$52.00/sh−2,601$135,252→ 0 total
Footnotes (4)
- [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]Pursuant to the Merger Agreement, each option to purchase shares of common stock of the Issuer, whether vested or unvested, was, as of the Effective Time, canceled and converted into the right to receive a payment equal to the product of (i) the number of shares of common stock subject to such option immediately before the Effective Time and (ii) the excess, if any, of the Merger Consideration over the exercise price per share of such option.
- [F4]This option is fully vested and exercisable.