PEARLMAN EMANUEL R 4
4 · EMPIRE RESORTS INC · Filed Nov 15, 2019
Insider Transaction Report
Form 4
PEARLMAN EMANUEL R
Director
Transactions
- Disposition to Issuer
Common Stock, $.01 par value per share
2019-11-15$9.74/sh−108,331$1,055,144→ 0 total - Disposition to Issuer
Restricted Stock Units
2019-11-15−50,000→ 0 total→ Common Stock, par value $.01 per share (50,000 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger between Empire Resorts, Inc. (the "Company", Hercules Topco LLC, and Hercules Merger Subsidiary Inc. (the "Merger Agreement") on the effective date of the merger.
- [F2]On January 20, 2019, Mr. Pearlman was granted 50,000 restricted stock units ("RSUs") under the Empire Resorts, Inc. 2015 Equity Incentive Plan, as amended, which were to vest annually in three equal installments, with one third vesting on January 21, 2020, one third vesting on January 21, 2021 and one third vesting on January 21, 2022. Each RSU represented the right to receive one share of the Company's common stock. On the effective date of the merger, all outstanding RSUs, whether or not then vested, were canceled, extinguished and converted into the right to receive the merger consideration issuable to holders of common stock pursuant to the Merger Agreement.