Inteliquent, Inc. 4
4 · Inteliquent, Inc. · Filed Feb 14, 2017
Insider Transaction Report
Form 4
Wright Lauren F
Director
Transactions
- Disposition to Issuer
Common Stock, par value $0.001 per share
2017-02-10$23.00/sh−18,683$429,709→ 0 total
Footnotes (2)
- [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 6,242 shares of restricted stock that became fully vested at the Effective Time pursuant to the Merger Agreement.