4//SEC Filing
Breslow Noah 4
Accession 0000899243-20-028446
CIK 0001420811other
Filed
Oct 14, 8:00 PM ET
Accepted
Oct 15, 8:38 PM ET
Size
30.2 KB
Accession
0000899243-20-028446
Insider Transaction Report
Form 4
Breslow Noah
DirectorCEO & Chairman
Transactions
- Tax Payment
Common Stock
2020-10-13$1.83/sh−23,135$42,337→ 1,368,678 total - Tax Payment
Common Stock
2020-10-13$1.83/sh−52,348$95,797→ 1,380,508 total - Disposition to Issuer
Stock Option (right to buy)
2020-10-13−363,637→ 0 totalExercise: $5.95Exp: 2026-09-18→ Common Stock (363,637 underlying) - Disposition to Issuer
Stock Option (right to buy)
2020-10-13−500,000→ 0 totalExercise: $10.66Exp: 2024-08-13→ Common Stock (500,000 underlying) - Award
Common Stock
2020-10-13+106,898→ 1,391,813 total - Award
Common Stock
2020-10-13+16,933→ 1,385,611 total - Disposition to Issuer
Stock Option (right to buy)
2020-10-13−181,348→ 0 totalExercise: $5.19Exp: 2028-03-17→ Common Stock (181,348 underlying) - Disposition to Issuer
Stock Option (right to buy)
2020-10-13−343,812→ 0 totalExercise: $12.67Exp: 2025-07-29→ Common Stock (343,812 underlying) - Disposition to Issuer
Stock Option (right to buy)
2020-10-13−950,000→ 0 totalExercise: $0.68Exp: 2023-07-31→ Common Stock (950,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2020-10-13−934,304→ 0 totalExercise: $0.42Exp: 2022-06-25→ Common Stock (934,304 underlying) - Award
Common Stock
2020-10-13+47,245→ 1,432,856 total - Disposition to Issuer
Common Stock
2020-10-13−1,380,508→ 0 total
Holdings
- 32,000(indirect: See footnote)
Common Stock
- 32,000(indirect: See footnote)
Common Stock
Footnotes (12)
- [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.
- [F10]These out-of-the-money options, which vested prior to the consummation of the Merger, were forfeited and cancelled automatically without any consideration.
- [F11]These in-the-money options were cancelled and converted into the right to receive a cash payment of $1.07 per share, representing the difference between the exercise price of the option and the merger consideration cash value ($1.75 per share).
- [F12]These in-the-money options were cancelled and converted into the right to receive a cash payment of $1.325 per share, representing the difference between the exercise price of the option and the merger consideration cash value ($1.75 per share).
- [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]The shares acquired were PSUs granted in 2018 ("2018 PSUs") that vested upon completion of the Merger.
- [F5]The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the vesting of the 2018 PSUs. No shares were sold.
- [F6]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) 390,915 restricted stock units and 16,932 2019 PSUs, which, upon completion of the Merger, were assumed by Enova and converted automatically into a time-vesting restricted stock unit award that,
- [F7](Continued From Footnote 6) subject to vesting, will be settled for a number of shares of Enova common stock calculated in accordance with the Merger agreement, (ii) 106,898 2020 PSUs and 47,245 2018 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 (iii) 894,000 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.
- [F8]The reported shares are held directly in a trust for the Reporting Person's minor son for which the Reporting Person's spouse serves as trustee.
- [F9]The reported shares are held directly in a trust for the Reporting Person's minor daughter for which the Reporting Person's spouse serves as trustee.
Documents
Issuer
On Deck Capital, Inc.
CIK 0001420811
Entity typeother
Related Parties
1- filerCIK 0001627461
Filing Metadata
- Form type
- 4
- Filed
- Oct 14, 8:00 PM ET
- Accepted
- Oct 15, 8:38 PM ET
- Size
- 30.2 KB