4//SEC Filing
Inteliquent, Inc. 4
Accession 0000899243-17-004020
CIK 0001292653operating
Filed
Feb 13, 7:00 PM ET
Accepted
Feb 14, 5:51 PM ET
Size
10.7 KB
Accession
0000899243-17-004020
Insider Transaction Report
Form 4
Beatty Joseph
Director
Transactions
- Disposition to Issuer
Common Stock, par value $0.001 per share
2017-02-10$23.00/sh−33,121$761,783→ 0 total - Disposition to Issuer
Employee Stock Option (right to purchase)
2017-02-10$4.76/sh−7,879$37,504→ 0 totalExercise: $18.24Exp: 2025-05-19→ Common Stock (7,879 underlying) - Disposition to Issuer
Employee Stock Option (right to purchase)
2017-02-10$6.98/sh−10,134$70,735→ 0 totalExercise: $16.02Exp: 2026-05-19→ Common Stock (10,134 underlying)
Footnotes (3)
- [F1]On November 2, 2016, the Issuer entered into an Agreement and Plan of Merger (the "Merger Agreement") with Onvoy, LLC ("Onvoy") and Onvoy Igloo Merger Sub, Inc. ("Merger Sub"), pursuant to which Merger Sub merged (the "Merger") with and into the Issuer, with the Issuer surviving the Merger as a direct wholly owned subsidiary of Onvoy. The Merger became effective on February 10, 2017 (the "Effective Time"). Pursuant to the Merger Agreement, each share of the Issuer's common stock, par value $0.001 ("Common Stock"), issued and outstanding prior to the Effective Time was automatically cancelled and converted into the right to receive a cash payment equal to $23.00, without interest, less any applicable tax withholding.
- [F2]This amount includes 3,121 shares of restricted stock that became fully vested at the Effective Time pursuant to the Merger Agreement.
- [F3]Pursuant to the terms of the Merger Agreement, each option to purchase shares of Common Stock that was outstanding and unexercised immediately prior to the Effective Time, whether or not vested, was automatically converted into the right to receive a cash payment equal to the product of (A) the total number of shares of Common Stock issuable upon exercise of such option and (B) the excess, if any, of $23.00 over the exercise price per share of such option, less any applicable tax withholding.
Documents
Issuer
Inteliquent, Inc.
CIK 0001292653
Entity typeoperating
Related Parties
1- filerCIK 0001292653
Filing Metadata
- Form type
- 4
- Filed
- Feb 13, 7:00 PM ET
- Accepted
- Feb 14, 5:51 PM ET
- Size
- 10.7 KB