4//SEC Filing
SCHWARTZ JONATHAN I 4
Accession 0000899243-18-023004
CIK 0001312073other
Filed
Aug 21, 8:00 PM ET
Accepted
Aug 22, 2:44 PM ET
Size
8.1 KB
Accession
0000899243-18-023004
Insider Transaction Report
Form 4
SCHWARTZ JONATHAN I
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2018-08-20−9,650→ 0 totalExercise: $0.00From: 2018-08-20→ Common Stock, par value $0.01 per share (9,650 underlying) - Disposition to Issuer
Common Stock, par value $0.01 per share
2018-08-20−19,040→ 0 total
Footnotes (3)
- [F1]At the effective time of the merger contemplated by the Agreement and Plan of Merger, dated as of April 9, 2018, by and among VeriFone Systems, Inc. (the "Company"), Vertex Holdco LLC, and Vertex Merger Sub LLC (the "Effective Time"), each issued and outstanding share of common stock of the Company (each, a "Share") held by Mr. Schwartz was converted into the right to receive $23.04 in cash, without interest.
- [F2]Represents restricted stock units subject only to service-based vesting conditions (a "Company RSU") under the Company's stock plans.
- [F3]At the Effective Time, each outstanding Company RSU under the Company's stock plans was converted into the right to receive an amount in cash (without interest) equal to the product obtained by multiplying (i) the total number of Shares subject to such Company RSU immediately prior to the Effective Time by (ii) $23.04, and otherwise remains subject to the same vesting schedule that applied immediately prior to the Effective Time.
Documents
Issuer
VERIFONE SYSTEMS, INC.
CIK 0001312073
Entity typeother
Related Parties
1- filerCIK 0001220070
Filing Metadata
- Form type
- 4
- Filed
- Aug 21, 8:00 PM ET
- Accepted
- Aug 22, 2:44 PM ET
- Size
- 8.1 KB