Kutler Jon B 4
4 · AROTECH CORP · Filed Dec 19, 2019
Insider Transaction Report
Form 4
AROTECH CORPARTX
Kutler Jon B
Director
Transactions
- Disposition to Issuer
Common Stock
2019-12-19$3.00/sh−83,034$249,102→ 0 total - Disposition to Issuer
Common Stock
2019-12-19$3.00/sh−1,804,863$5,414,589→ 0 total(indirect: Owned by affiliates)
Footnotes (3)
- [F1]Pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of September 22, 2019, by and among Arotech Corporation, a Delaware corporation (the "Company"), Argonaut Intermediate, Inc., a Delaware corporation ("Parent"), and Argonaut Merger Sub, Inc., a Delaware corporation and a direct wholly-owned subsidiary of Parent ("Merger Sub"), Merger Sub was merged with and into the Company, with the Company continuing as a direct wholly-owned subsidiary of Parent (the "Merger"). Pursuant to the Merger Agreement, at the effective time of the Merger, each share of common stock, par value $0.01 per share, of the Company was converted into the right to receive $3.00 in cash, net of applicable tax withholding, without interest.
- [F2]Includes 23,549 shares of restricted common stock. Pursuant to the Merger Agreement, at the effective time of the Merger, each share of restricted common stock was converted into the right to receive $3.00 in cash, net of applicable tax withholding, without interest.
- [F3]1,579,984 of such shares are owned by Admiralty Partners, Inc., of which the filling person is a director. 124,179 of such shares are owned by a trust of which the filing person and his spouse are sole settlors and trustees along with one other person. 100,700 of such shares are owned by a trust of which the filing person and his spouse are sole settlors and co-trustees.