4//SEC Filing
Brown Nicholas Peter 4
Accession 0000899243-20-028442
CIK 0001420811other
Filed
Oct 14, 8:00 PM ET
Accepted
Oct 15, 8:35 PM ET
Size
15.5 KB
Accession
0000899243-20-028442
Insider Transaction Report
Form 4
Brown Nicholas Peter
Chief Risk Officer
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2020-10-13−217,949→ 0 totalExercise: $4.26Exp: 2026-12-19→ Common Stock (217,949 underlying) - Tax Payment
Common Stock
2020-10-13−12,550→ 254,559 total - Disposition to Issuer
Common Stock
2020-10-13−261,816→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2020-10-13−97,151→ 0 totalExercise: $5.19Exp: 2028-03-17→ Common Stock (97,151 underlying) - Award
Common Stock
2020-10-13+36,651→ 267,109 total - Award
Common Stock
2020-10-13+7,257→ 261,816 total
Footnotes (5)
- [F1]On October 13, 2020, Enova International, Inc. ("Enova") completed its acquisition (the "Merger") of On Deck Capital, Inc. ("On Deck"). The shares acquired were performance share units ("PSUs") granted in 2020 ("2020 PSUs") that vested upon completion of the Merger.
- [F2]The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the vesting of the 2020 PSUs. No shares were sold.
- [F3]The shares acquired were PSUs granted in 2019 ("2019 PSUs") that vested upon completion of the Merger.
- [F4]On October 13, 2020, Enova International, Inc. ("Enova") completed its acquisition (the "Merger") of On Deck Capital, Inc. ("On Deck"). The reported shares of common stock include (i) 156,133 restricted stock units and 7,257 2019 PSUs which, upon completion of the Merger, were assumed by Enova and converted automatically into a time-vesting restricted stock unit award that, subject to vesting, will be settled for a number of shares of Enova common stock calculated in accordance with the Merger agreement, (ii) 36,651 2020 PSUs which, upon completion of the Merger, vested and were settled for a number of shares of Enova common stock calculated in accordance with the Merger agreement, and and (ii) 74,325 shares of common stock which were disposed of in the Merger in exchange for per share consideration of $0.12 in cash and 0.092 share of Enova common stock.
- [F5]These out-of-the-money options were forfeited and cancelled automatically without any consideration paid in the Merger.
Documents
Issuer
On Deck Capital, Inc.
CIK 0001420811
Entity typeother
Related Parties
1- filerCIK 0001700752
Filing Metadata
- Form type
- 4
- Filed
- Oct 14, 8:00 PM ET
- Accepted
- Oct 15, 8:35 PM ET
- Size
- 15.5 KB