4//SEC Filing
CISNEROS HENRY G 4
Accession 0000899243-18-014774
CIK 0001594617other
Filed
May 31, 8:00 PM ET
Accepted
Jun 1, 6:59 PM ET
Size
13.7 KB
Accession
0000899243-18-014774
Insider Transaction Report
Form 4
CISNEROS HENRY G
Director
Transactions
- Disposition to Issuer
Common Stock
2018-05-30$16.80/sh−5,498$92,366→ 0 total - Disposition to Issuer
Restricted Stock Units
2018-05-30$16.80/sh−3,499$58,783→ 0 total→ Common Stock (3,499 underlying) - Disposition to Issuer
Restricted Stock Units
2018-05-30$16.80/sh−2,904$48,787→ 0 total→ Common Stock (2,904 underlying) - Disposition to Issuer
Restricted Stock Units
2018-05-30$16.80/sh−686$11,525→ 0 total→ Common Stock (686 underlying)
Footnotes (8)
- [F1]On May 30, 2018, Wyndham Worldwide Corporation, a Delaware corporation ("Buyer"), acquired the Issuer pursuant to that certain Agreement and Plan of Merger entered into by and among the Issuer, Buyer and WHG BB Sub, Inc., a Delaware corporation and wholly-owned subsidiary of Buyer ("Merger Sub"), dated as of January 17, 2018 (the "Merger Agreement"). In accordance with the Merger Agreement, Merger Sub merged with and into the Issuer, with the Issuer surviving such merger as a wholly-owned subsidiary of Buyer (the "Merger").
- [F2]This amount reflects the number of securities after giving effect to the 1:2 reverse stock split (the "Reverse Stock Split") effective immediately prior to the effective time of the Merger (the "Effective Time").
- [F3]At the Effective Time, each outstanding share of the Issuer's common stock (other than certain excluded shares) automatically converted into the right to receive $16.80 in cash per share after giving effect to the Reverse Stock Split, without interest and after giving effect to any required withholding taxes (the "Merger Consideration").
- [F4]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Issuer common stock.
- [F5]These RSUs were to vest on June 11, 2018.
- [F6]Immediately prior to the Effective Time, each outstanding RSU automatically vested and was cancelled, and the holder received for each RSU an amount in cash, less any applicable withholding taxes, equal to the product of (i) the number of shares of Issuer common stock subject to the RSU multiplied by (ii) the Merger Consideration.
- [F7]These RSUs were to vest in two equal annual installments on June 11, 2018 and June 11, 2019.
- [F8]These RSUs were to vest in three equal annual installments on June 11, 2018, June 11, 2019 and June 11, 2020.
Documents
Issuer
La Quinta Holdings Inc.
CIK 0001594617
Entity typeother
Related Parties
1- filerCIK 0001181588
Filing Metadata
- Form type
- 4
- Filed
- May 31, 8:00 PM ET
- Accepted
- Jun 1, 6:59 PM ET
- Size
- 13.7 KB